Following cryptocurrency news about compromised exchanges and people being scammed is like learning lessons from a heavy-handed cartoon series from the 90s, except at the end of each episode we learn why an existing financial sector regulation exists instead of why friendship is good or racism is wrong.
@mike Financial sector regulations exist because: a) financial sector is just pure bad engineering, b) politics. Cryptocurrencies don't need any regulations. First noone forces you to use cryptofin at all. If you're stupid and ignorant it is going to be much better for you to never, ever use them. And if you do use them, don't be stupid and don't store your funds in 3rd parties wallets.