If you still think cryptocurrency can thrive best within the ambiguous, ill-defined, geographically varied and relatively lax regulatory system, you haven’t been paying attention.
With the spectacular failures of TerraForm Labs’ LUNA/UST and Celsius, the systemic fallout from the liquidity challenges at Three Arrows Capital and the erasure of almost $2 trillion in value from crypto markets, it should now be clear to all that this industry needs better, clearer and consistent rules.
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Whatever comes next must be good for the industry as a whole – the developers, the businesses and most importantly, the users. We need regulation that makes the entire ecosystem more stable and secure, yet which also enables innovators to develop projects that...
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https://www.coindesk.com/layer2/2022/06/24/time-for-crypto-to-make-nice-with-...
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