futurewithcrypto.com
Anyone who disagrees that cryptocurrency markets require stricter regulation must be living under a rock.
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Investors suffered enormous losses as a result of the implosion of FTX, the demise of the TerraUSD "stablecoin," and the recent insolvency of cryptocurrency lenders and hedge funds.
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show convincingly why digital assets should be subject to regulation, just like virtually all other financial goods and services.
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However, there is still a chance that the path to adherence to fundamental regulatory principles will be difficult both in the United States and elsewhere.
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This risk is partly due to the extremely varied and frequently intense reactions that cryptocurrency has produced when it first emerged.
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While many successful startup investors think that cryptocurrency technology will underpin the financial system of the future, Charlie Munger has called crypto tokens "partly fraud and partly illusion."
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Each group feels that the government should take action to support their point of view.
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The regulatory task has also been made more difficult by the particular origin of crypto assets.
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With the promise of eliminating conventional middlemen, bitcoin was introduced to the public globally and directly to retail customers, unlike prior financial advances.
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With the promise of eliminating conventional middlemen, bitcoin was introduced to the public globally and directly to retail customers, unlike prior financial advances.
Image credit- google images