The only reason bitcoin and friends are “worth” anything at all is precisely because there are no regulations. If crypto companies had to play by the same rules as real fintech firms the whole thing would collapse. Why? Because the entire crypto space is nothing but hot air.
If exchanges and stuff had to play by any rules, they’d go out of business because there is no other reason for crypto’s existence but to run scams.
(Okay maybe it won’t entirely collapse but crypto certainly wouldn’t be valued anywhere near what it is now)
If exchanges and stuff had to play by any rules, they’d go out of business because there is no other reason for crypto’s existence but to run scams.
(Okay maybe it won’t entirely collapse but crypto certainly wouldn’t be valued anywhere near what it is now)