in daily trades), says only the exchanges with a track record for responsible governance will survive, but that “the cryptocurrency industry will emerge stronger” from the ordeal.
“It’s a good learning moment for the industry,” says Hayden Adams, creator of UniSwap, the world’s largest decentralized exchange . “The fact that [FTX founder Sam Bankman-Fried] had the ability to do [what he did] speaks to the fact he was building aUnlike traditional exchanges, which let people swap regular currency for crypto and store assets on behalf of customers, DEXs never take control of customer funds, and trades are made on a peer-to-peer basis.
None of the measures that crypto exchanges are putting in place will ward off the period of heightened regulatory scrutiny now expected to begin.
WiredUK In light of this latest crypto scam, the powers that be relentlessly pursue their goal of creating a cashless society.
WiredUK Just remember that Madoff, Enron, Corzine we’re all ‘regulated’ up the wazzoo. This is about greed & dishonesty— not regulation.
WiredUK No, it proves that even after the cult is proven to be nonsense it still has followers.
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