What are the potential risks of not having proper checks and balances in the crypto market?

3 answers

• Dec 16, 2021 · 3 years ago
  Without proper checks and balances in the crypto market, there is a higher risk of fraudulent activities such as scams and Ponzi schemes. Investors may fall victim to these schemes and lose their hard-earned money. It is crucial to have regulations and oversight to protect investors and maintain market integrity.
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• Dec 16, 2021 · 3 years ago
  The lack of checks and balances in the crypto market can lead to market manipulation. Without proper regulations, large players can manipulate prices and create artificial demand or supply, leading to market volatility and unfair trading practices.
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• Dec 16, 2021 · 3 years ago
  Not having proper checks and balances in the crypto market can result in a lack of transparency. This can make it difficult for investors to assess the true value of a cryptocurrency and make informed investment decisions. It is important to have mechanisms in place to ensure transparency and provide accurate information to investors.
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