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Re:Binance sees $2B in outflows as troubles compound by matheusmoreira on Wednesday March 29, 2023 @06:42AM (#35355228)
Regulate crypto exchanges then. They're just banks in disguise.
Re:Binance sees $2B in outflows as troubles compound by aNoob7000 on Wednesday March 29, 2023 @11:04AM (#35358313)
Why do you want crypto regulated? I thought the goal of crypto is to free you from regulation and government control.

If crypto is regulated, your crypto can be seized, frozen, held, and so on.. Why regulate it?

Re:Binance sees $2B in outflows as troubles compound by freejazz on Wednesday March 29, 2023 @12:01PM (#35359148)
The state already has the power to seize, freeze, or hold crypto. That has nothing to do with regulation.
Re:Binance sees $2B in outflows as troubles compound by prottog on Wednesday March 29, 2023 @02:06PM (#35360954)
Yeah, but the Wild West nature of crypto is its selling point, maybe even its raison d'etre. What would be the point in regulated crypto? It won't do anything that the traditional banking system doesn't already do.
Re:Binance sees $2B in outflows as troubles compound by freejazz on Wednesday March 29, 2023 @03:23PM (#35362007)
Well your basic assumption was already wrong, what else do you want me to tell you? That people don't personally care whether or not cyrpto's selling point remains viable? as if anyone should
Re:Binance sees $2B in outflows as troubles compound by matheusmoreira on Wednesday March 29, 2023 @07:49PM (#35365661)
I want cryptocurrency exchanges regulated. Not cryptocurrencies themselves. They are distinct. Cryptocurrencies are perfectly good technology, exchanges are fractional reserve banks in disguise.