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A lesson that will become a dark history in the cryptocurrency ecosystem. Before the debacle, FTX was a fairly popular centralized Exchange and even a fledgling exchange that was able to raise billions of dollars and had many members putting money into it.
A lot of people have lost because of the FTX collapse and they can't make any submissions. This event has an impact on investors holding the FTT token which is currently falling at a price range of $ 1.4 which at the beginning before the crash was still at a price of $ 25 and once reached ATH $ 79.
this is a risk that must be borne by all FTX investors including the FTC CEO, namely SBF, who declared bankruptcy and poverty overnight.
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Bad: as you mentioned, the government will interfere and will stifle our development and our freedom. Look at the stock market, they hold them back with strict regulations and almost no privacy for investors.
The government will of course provide regulations on cryptocurrencies and these regulations depend on every government in each country. Strict regulations were put in place to discourage crypto adoption and to gain revenue from tax collection on crypto users. The government can only provide regulation but cannot completely regulate it.