The Currency Analytics
By Steven Anderson
Massad, who chaired Commodity Futures Trading Commission during the Obama administration, when talking about the need for cryptocurrency exchanges to ensure safeguards for…
"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.
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.
Cryptocurrency exchanges lack oversight, and this has led to repeated incidents of conflicts of interest, fraud, and market manipulation.
The lack of accountability in the current scenario is caused due to the regulatory distraction caused by Bitcoin and other cryptocurrencies.
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…
However, to date, the power of the larger institutions on traditional foundations continue to dominate the banking needs of the masses.
Winklevoss Twins recently called for self-policed and general regulation to be the surest way to improve institutional investment.
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…
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…
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…
Improving market liquidity and price discovery comes with balancing the supply and demand for Bitcoin in the different fragmented market places.