What are the obligations of a crypto business? How are some crypto businesses now paying a price for forgetting this part of doing business?
https://youtu.be/8PAEU0g5pdE
11. https://profitableinvestingtips.com/profitab
le-investing-tips/obligations-of-a-crypto-
When you invest money with a business and they say
that they are going to handle your assets in a
businesslike manner, you expect them to do just
that. One of the issues in the Gemini and DCG
matter is that some of the invested money was with
Three Arrows Capital, a crypto entity whose
collapse started the cascade of business failures in
crypto. Despite assurances that they were auditing
the companies to whom they had been loaning
crypto assets, there was no such audit for two years
during which timeThree Arrows went under.
16. https://profitableinvestingtips.com/profitab
le-investing-tips/obligations-of-a-crypto-
There were lots of shenanigans going on in crypto
as it collapsed under the weight of crypto winter.
There was a lot of sheer stupidity that led up to
crypto’s problems, the worst of which was the
fanciful belief that crypto would just keep going
up forever. Nevertheless, going back to the time
of the Roman empire we have the saying, caveat
emptor, let the buyer beware.
18. https://profitableinvestingtips.com/profitab
le-investing-tips/obligations-of-a-crypto-
What we are seeing now is the government
stepping in with regulations in an attempt to
make the crypto arena safer for investors.These
efforts may well make the whole system more
rigid as well. Henceforth, crypto business
obligations will have the force of law as opposed
to the force of morality behind them.