Post
Topic
Board Service Discussion (Altcoins)
Re: What happens if binance and tether goes down
by
coupable
on 23/11/2022, 19:34:05 UTC


Whatever happen with Binance and USDT in future, I am sure governments will launch more laws and execute more strictly regulations on cryptocurrency and blockchain. For future, it is good, not bad.
After the recent collapse of FTX, the SEC met shortly after and said that creating a legal corridor to regulate cryptocurrencies should be accelerated because of the consecutive scams and crashes occurring in a short time. I don't know if the regulation will be good or bad for us, there are a lot of mixed opinions around it. But one thing I do know is that like it or not, regulation is inevitable and I believe it will come sooner than we think.
Citizens from countries whose governments do not adopt crypto will be the most affected since the current platforms grant access to it from any citizen in the world with very few exceptions.
I believe that decentralized platforms will receive more attention due to the lack of incidents related to them, and trading rates will drop sharply due to the decline in the demand for investments in the field of crypto.