However, the Old School financial system has had hundreds of years of regulations aimed at making it more difficult to scam people. Crypto is a fantastic techn

However, the Old School financial system has had hundreds of years of regulations aimed at making it more difficult to scam people. Crypto is a fantastic technology for people who want to rid themselves of those regulations, so that they can repeat all those scams that were made impossible for banks or other financial companies. For instance, when Celsius offers interest rates of 18%, people should understand that something is wrong. My understanding is that regulators had started making demands, but it seems clear that collateral requirements for lending had dramatically underestmated the currency risk. This is the Morgage Backed Securities scandal of today. If it is too good to be true, it is not true.