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I suspect they would find some efficiently fraudulent manipulation in the complete absence of regulation, if only those exchanges were regulated enough to retai
by austincheney 9y ago
I suspect they would find some efficiently fraudulent manipulation in the complete absence of regulation, if only those exchanges were regulated enough to retain data sufficient for such inquiries.
- josu 9y ago>if only those exchanges were regulated enough to retain data sufficient for such inquiries. It wouldn't surprise if they do indeed keep all the data. After all, almost all these companies are data driven, and they have data analysis departments [0]. [0] https://www.coinbase.com/careers/797769?locale=en https://www.coinbase.com/careers/797769?locale=en
- pjc50 9y agoFortunately all the cryptocurrency in and out transactions are irrevocably documented on a public legder.
- atomical 9y agoThat doesn't even scratch the surface of illegal trading activities that are probably taking place.
- JumpCrisscross 9y ago> all the cryptocurrency in and out transactions are irrevocably documented on a public legder The blockchain doesn't (consistently) tell you who owns which wallets, nor if they're a terrorist financier or money launderer. This is besides the point that "exchange" has a specific legal meaning under the Securities Exchange Act of 1934, as amended.
- ceejayoz 9y agoOne exchange user selling to another user on the same exchange (or to themselves, i.e. a wash trade) needn't hit the public ledger.
- oarsinsync 9y agoIndeed. Only when crypto funds leave the exchange does it hit the ledger. When it’s in the exchange, it’s all in their private database.