Finance News
By Steven Anderson
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Massad, who chaired Commodity Futures Trading Commission during the Obama administration, when talking about the need for cryptocurrency exchanges to ensure safeguards for…
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"Crypto-exchanges are not now required to have systems which prevent fraud and manipulation, neither are there rules which prevent or minimize conflicts in interest.
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The absence of traditional market standards opens the market for a lot of fraud, which in turn is going to cause more harm to investors.
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Cryptocurrency exchanges lack oversight, and this has led to repeated incidents of conflicts of interest, fraud, and market manipulation.
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The lack of accountability in the current scenario is caused due to the regulatory distraction caused by Bitcoin and other cryptocurrencies.
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The hype according to Massad is the major cause for regulatory distraction. The creators of Bitcoin promised that it would likely solve the trust issues and reduce the reliance…
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However, to date, the power of the larger institutions on traditional foundations continue to dominate the banking needs of the masses.
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Winklevoss Twins recently called for self-policed and general regulation to be the surest way to improve institutional investment.
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With capitalism working its way to improving the quality of life of people from across the world, the current day financial markets are adapting by way of product development…
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With the Bitcoin settlement layer being faster than the traditional markets, though not instant can help companies operating on the Bitcoin to borrow money without going through…
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Cryptocurrency industry as an overall goal of the sector are competing with the traditional financial system, and they are using the existing tools to leverage that blockchain to…
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Improving market liquidity and price discovery comes with balancing the supply and demand for Bitcoin in the different fragmented market places.
The Currency Analytics
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