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That seems to be a case in which regulation is actually protecting clients of brokerages. Of course, thise regulations are bad if you are a, say, crypto exchang
by hef19898 4y ago
That seems to be a case in which regulation is actually protecting clients of brokerages. Of course, thise regulations are bad if you are a, say, crypto exchange, and want to, say, engage in "investment" activities using those client deposits (regardless if those a fiat currency, crypto or something else).
- pa7x1 4y agoAbsolutely. Centralized crypto exchanges should have the same regulation and oversight as brokerages/banks/other financial institutions. Because they are that type of institution, just having crypto under custody doesn't make it magically solve any issues.