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Not even going to the level of promoting or purchasing, just not "now it should no longer exist". Regulation is required, As much as for banking because consum
by BLKNSLVR 4y ago
Not even going to the level of promoting or purchasing, just not "now it should no longer exist".
Regulation is required, As much as for banking because consumer funds are being stored and / or transferred.
FTX was just grossly, fraudulently mismanaged and I'm not actually sure the exact machinations of regulation that could ensure that kind of thing doesn't happen - regular reporting of figures, independent audits, etc, but then with the money FTX had been throwing around it would have been easy to fake reports and pay for clean audits (in my layman view of a very complex landscape).
- throwaway22032 4y agoThe thing is that regulation could very easily require that exchanges be decentralised. But that won't happen because money laundering is a religious belief. Instead we'll just get more stupid attempts to watch the watchmen.