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Martin C. W. Walker and Winnie Mosioma's Regulated cryptocurrency exchanges: sign of a maturing market or oxymoron? examines the (mostly lack of) regulation of exchanges and concludes;
"In general, cryptocurrencies lack anyone that is genuinely accountable for core processes such as transfers of ownership, trade validation and creation of cryptocurrencies. A concern that can ultimately only be dealt with by acceptance of the situation or outright bans. However, the almost complete lack of regulation of the highly centralised cryptocurrency exchanges should be an easier-to-fill gap. Regulated entities relying on prices from “exchanges” for accounting or calculation of the value of futures contracts are clearly putting themselves at significant risk."
Coinbase just filed for a $65B direct listing despite just having been fine $6.5M forwash-tradding Litecoin.
Apr 14, 2021, 3:10:31 PM
Posted to The Bitcoin "Price"