Explore the policy fallout from the 2022 market crash, the advance of CBDCs and more.It may be difficult to trust a crypto company that isn't federally supervised, a key bank regulator said Monday.
“We won't be able to know which players are trustworthy and which aren't until a credible third party, like a consolidated home country supervisor, can meaningfully oversee them,” Hsu said in remarks prepared for delivery at an Institute of International Bankers event in Washington, D.C. “Currently, no crypto platforms are subject to consolidated supervision. Not one.”
Trust is decided for levels of responsibility more by ins bonding for enough to cover mistakes made against any trust in biz….risk is to bet the farm on what you believe is true but best if you know you are not wrong. How can mistrust gain trust? Trust is heart ❤️
What is the security phrase in my profile for?
Hsu has priven over and over to be extremely incompetent coupled with bad judgement. He always knows nothing and blames others. Time for him to be fired for his massive failures.
And that's the way it should be! How are 'we' to look over things, what if 'we' is the one that has to be watched over?
Yea because bankers are good look at this collapse lol
Was this message written by a robot or a distant ancestor of ChatGPT? Starting to think it's the latter.
OH really
jesseahamilton He isn't wrong. Taking the Crypto exchange at their empty words -- especially with no track record and based mostly on hype -- isn't enough. Scams can literally destroy a person's life so there must be safeguards. cryptonews Cryptocurency fraud scams Bitcoin
jesseahamilton You mean like the several third party crypto auditing companies that already exist and perform regular security checks? 🤔
jesseahamilton Confirmed: FTX was the trojan horse.
jesseahamilton Well, can you trust federal government?
jesseahamilton We don't need crypto firms when we have Bitcoin