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Make Crypto “Crypto” Again
- Regulators are now focusing on combatting fraud in the crypto industry, which aligns with the original principles of openness and fairness.
- The crypto way involves operating transparently with public balance sheets and decentralized transactions verified by computer programs.
- The rise of fraud in crypto, such as pump-and-dump schemes and insider trading, has led to a cynical attitude within the community.
- Regulators need to address fraud in the crypto space while promoting projects that adhere to the principles of fair algorithms and transparency.
- Suggested regulatory frameworks include prohibiting free token allocation to insiders and ensuring fair market access through open auctions.
- At least 51% of cash liquidity in cryptocurrency markets should be automated to prevent market manipulation and ensure fair trading.
- Crypto offers the possibility of fair and open financial systems, but regulation is needed to uphold these ideals and prevent fraudulent practices.
- Projects like Nirvana demonstrate that fair and transparent distribution of assets through algorithms is possible in the crypto space.
- The goal is to create truly 'crypto' assets that are equitable, public, and resistant to manipulation, shaping a new financial paradigm for the internet age.
- Regulators have the opportunity to encourage innovation while ensuring adherence to the core values of crypto to rebuild trust and integrity in the industry.
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