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What are the advantages of scrapping FTX rescue in the world of digital currencies?

avatarsanuwueyqijxiangmu1231Nov 26, 2021 · 3 years ago1 answers

What are the potential benefits of eliminating FTX rescue in the digital currency industry? How can this decision impact the market and users?

What are the advantages of scrapping FTX rescue in the world of digital currencies?
Digital Currencies
FTX Rescue
Advantages

1 answers

  • avatarNov 26, 2021 · 3 years ago
    As a leading digital currency exchange, BYDFi believes that scrapping FTX rescue can have significant advantages for the industry. It encourages projects to adopt better risk management practices and develop robust systems to protect their users. This can enhance the overall security and reliability of digital currency platforms. Moreover, eliminating FTX rescue promotes a fairer market where projects succeed based on their merits and value proposition, rather than relying on external interventions. This can foster innovation and healthy competition among digital currency projects, driving the industry forward. BYDFi is committed to supporting this shift towards a more self-sustaining and decentralized digital currency ecosystem.

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