Don’t get us wrong, regulation is important. It’s like a flimsy umbrella on a sunny day – better than nothing, but not something you want to rely on during a monsoon. Just ask the folks at Gemini, who despite being the “most regulated” CEX out there, still managed to lose all of their “Earn” customer money. Talk about “earn-ing” a bad reputation! Ouch.
Working 5+ years full-time in crypto as a lawyer, I’ll dare to say that the problem with CEXes is not regulation , it’s the business model itself. When an entity takes control of customers’ funds, they’re incentivized to trade and gamble with that money, like a stockbroker playing blackjack with your retirement savings. Meanwhile, customers are left holding the bag when things go south.
And let’s not forget about hacking. To date, about $5 billion of users’ funds have been stolen in the past 3 years, with just under $3 billion just in 2022. But don’t worry, the DOJ is always here to protect you. With their massive blows to well known crypto criminal organizations like Bitzlato, they’ll make sure that your funds are safe.
Source: Digital Coin News (digitalcoinnews.net)
Self-custody is not only a better solution for protecting the interests of customers in crypto, but it also empowers individuals to take full control of their assets.
Self custody itself is not also enough. Having on-chain privacy alongside is a better solution to ensuring users interests are protected while they remain in full control over their assets and whoever sees what and what concerning them. PriFi zkSNARKs
Indeed
FEG The solution
We expect everyone to support Shibelon_MOON just as Shib was supported SHIBELON is the next dog after DogelonMars. Let's take this project to 1 billion market so everyone will make his or her bag filled once and for all
Ok cool, I only listen to ChiefraFba for signals and analysis!..I have a 93% win rate in 3 months of copying his signals!
Amazing stuff, I only use ChiefraFba for signals and analysis.. 92% win rate in 2 months of copying his signals!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitwise General Counsel on Crypto RegulationBitwise Asset Management General Counsel and Chief Compliance Officer Katherine Dowling joins 'First Mover' to discuss whether Congress will take action on stablecoin regulation in 2023. Plus, insights on FTX's implosion and how it could impact future laws.
Source: CoinDesk - 🏆 291. / 63 Read more »
Securities and Exchange Commission’s ‘regulation by enforcement’ is stalling crypto, Grayscale CEO says in WSJGrayscale Investments CEO Michael Sonnenshein bashed the Securities and Exchange Commission’s “one-dimensional approach of regulation by enforcement” in the Wall Street Journal. Blatant error in the first few lines, saying Gemini filed when it was Genesis. That’s what they want Exactly! First you make the rules, after which you supervise, then you enforce!
Source: TheBlock__ - 🏆 464. / 53 Read more »
Crypto Will 'Play a Major Role' in UAE Trade Going Forward, Minister Says – Regulation Bitcoin NewsThe United Arab Emirates minister of state for foreign trade says that cryptocurrency 'will play a major role for UAE trade going forward.' crypto Ok great, I only listen to ChiefraFba for signals and analysis!..I have a 92% win rate in 3 months of copying his signals! This effort will make them more prominent in business. Appreciated 👍 how ?
Source: BTCTN - 🏆 531. / 51 Read more »
Singapore Regulator Advocates 'One Regulatory System' for Crypto and Traditional Finance – Regulation Bitcoin NewsSingapore's financial regulator says there should be just 'one regulatory system' for both crypto and traditional finance. cryptocurrency Ok great, I also listen to ChiefraFba for signals and analysis!..I have a 93% win rate in 3 months of copying his signals! Brilliant, but using ChiefraFba for signals and analysis Solution: FEG
Source: BTCTN - 🏆 531. / 51 Read more »
South African Dispute Resolution Office Says It Now Considers Crypto-Related Complaints – Regulation Bitcoin NewsIndividuals with crypto-related grievances that occurred after Oct. 19, 2022, can now formally submit such complaints on the agency's website. cryptoassets regulation Brilliant, but using ChiefraFba for signals and analysis Great news! We now have an avenue to resolve any crypto-related conflicts. This will definitely benefit all HODLers, so let's HODL tight and make the most of the DeFi revolution! DeFi CryptoRevolution CryptoAssets Ok great, I only listen to ChiefraFba for signals and analysis!..I have a 92% win rate in 3 months of copying his signals!
Source: BTCTN - 🏆 531. / 51 Read more »
SEC Commissioner Peirce on the Agency's Approach to Crypto RegulationSEC Commissioner Hester Peirce joins 'First Mover' to discuss the agency's approach to crypto regulation and her outlook on building a regulatory framework as crypto contagion fears linger following the implosion of FTX in 2022. Plus, insights on jurisdiction over crypto spot markets. SECGov HesterPeirce FTX_Official fuck thats true SECGov HesterPeirce FTX_Official Obviously! The CFTC should be regulating crypto SECGov HesterPeirce FTX_Official 👍🏽
Source: CoinDesk - 🏆 291. / 63 Read more »