https://decrypt.co/104453/bank-england-crypto-regulation-stablecoins-systemic-risk
hello everyone, as you all know, the crypto world is going through a difficult time
we don't know how much this uncertainty is driving one of the biggest reasons that caused this uncertainty and loss of confidence is the terra luna accident
Speaking for myself, I've been waiting for a bear market for a long time, but bitcoin couldn't drop.
Because the FED caused uncertainty in the market, because the fed did not take the necessary steps to reduce inflation, people turned to assets with limited supply, so bitcoin did not fall.
Of course, resetting the terra luna in this way created a trust problem in the market.
I wonder why some cryptocurrencies from the binance exchange have been destroyed so far, but why is the luna company protected by binance?
After all, luna ended the lives of many people, but with the new luna, it was listed again on binance
Because the new luna project is aimed at protecting the doown and the luna company.
For example, the UK central bank wants stricter rules to avoid systematic risks in cryptos
What will be the strict rules that the UK central bank is talking about?
we should discuss the future of algorithmic stablecoins
Lawmakers and those in the crypto world should work to protect consumers and what we can do
As a result, studies should be done to protect the consumers, namely us, regulations should come, cryptos should gain legal status all over the world so that we can be protected from disasters like luna.
thank you in advance for reading