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  Francisco Gimeno - BC Analyst "Grossly inexperienced and unsophisticated" and "FTX too mixed with Alameda", are the words of the new CEO of FTX about SBF and the relationship between FTX and Alameda. surely after the arrest of SBF other arrests may happen among those who were managing both companies if there is enough evidence. And this is how the world of digital finance is working, with a mix of serious companies and platforms which don't make noise, and absolute disasters due to mismanagement and fraud which build the idea of crypto being bad business. That is why, as in this podcast is advised too, we need clear rules and regulations as it has happened in history with any new development. Imagine Banks before 1929 causing the big economic crash. Or imagine having to go to a doctor and not knowing if he/she is a real doctor which has learn in a regulated institution and follow the protocols. The same with crypto. Crypto's development, digital finance growth shouldn't be affected negatively by this, the opposite, should create a safer, more secure environment where platforms can be created, investors, customers and anyone can have guarantees of working inside known rules in a known space.

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  • Dec 13, 2022
  • (edited)