What he meant was governments need to start arresting all these people who create fake assets, setup elaborate Ponzi schemes, then abscond with tens of millions or sometimes billions of dollars to non-extradition countries to enjoy their stolen wealth.
Binance CEO says crypto sector needs clear and stable regulations
Changpeng Zhao, chief executive of dominant cryptocurrency exchange Binance, has called for new but stable and clear regulations for the industry in light of recent developments and participants “cutting corners”.
“We’re in a new industry, we’ve seen in the past week, things go crazy in the industry,” Zhao told a gathering of G20 leaders at the summit in Bali. “We do need some regulations, we do need to do this properly, we do need to do this in a stable way.”
His comments come as crypto industry peers and partners outline steps to deal with the collapse of rival exchange FTX, founded by Sam Bankman-Fried.
FTX filed for bankruptcy on Friday after a week of seeing customers pull assets and Binance abandoning a rescue offer.
“I think the industry collectively has a role to protect consumers, to protect everybody. So it’s not just regulators. Regulators have a role but it’s not 100% their responsibility,” Zhao said.
I asked for neither your Opinion,
your Acceptance
nor your Permission.
"The darkest places in hell are reserved for those who maintain their neutrality in times of moral crisis." Dante Alighieri 3
"It took 2000 mules to install one Jackass." Diamond and Silk Watch the Movie
Trump has long embraced the anti-semetic and white nationalists amongst the party and new full well he'd get both their rabid support, along with a great deal of attention (and likely donations) for the controversy his support of West and Fuentes drummed up.
Now what he failed to calculate was the impact this will have on his support from Jewish voters and his buddy in Israel.
Binance CEO says crypto sector needs clear and stable regulationsThe only thing the crypto-bro's did wrong, is they didn't hold a gun to the head of their "investors."The public holds over $24.29 trillion of the national debt.
Social Security called, they want their business model back.setup elaborate Ponzi schemes
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane. ~ Marcus Aurelius“It's a beautiful thing, the destruction of words.”
― George Orwell, 1984
“The urge to shout filthy words at the top of his voice was as strong as ever.”
― George Orwell, 1984