Here me out. Crypto is unregulated, and this is why people continue to be dishonest and cannot be chased if they are found guilty of rugpulls.
I’m talking regulation into regards to audits, transparency etc.
The events of voyager, Luna, Celsius and many more rugpulls has taught us that people need to be more transparent and accountable.
These are big multi billion dollar projects that collapsed or where people lost money.
People can’t keep taking Others money, and then be allowed to run away with it.
people can’t keep advertising returns as relatively “risk free” when it’s not.
People can’t keep having huge stakes in the project and then slowly sell all the tokens , while letting the project fail.
Regulation is the reason why banks have loan to income ratios, liquidity ratios etc. because that financial system works.
Regulation is why companies have disclosure requirements. …
Look yes, people need to do their research, but companies need to be honest so others can DYOR.
There no point in crypto and de-regulated assets if PEOPLE ARENT TRANSPARENT and HONEST.
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