Commission of Good Practices for Exchanges
Only mechanisms established by the community, such as “best practices for exchanges” will give the community the security it seeks.
Only mechanisms established by the community, such as “best practices for exchanges” will give the community the security it seeks.
The collapse of FTX confirms that state regulation is not enough. According to the information provided on its website, FTX has obtained permits and licenses in these countries: Bahamas, Gibraltar, Australia, Cyprus, Switzerland, United Arab Emirates, Japan, South Africa and the United States.
As Bitcoin has shown us, true crypto regulation will come from the community, not the states. State regulation failed, and it will fail again.
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