What impact did laissez faire have on the development of digital currencies?

1 answers

• Manveer SinghDec 26, 2021 · 4 years ago
  As a former employee of Binance, I can tell you that the impact of laissez faire on the development of digital currencies has been immense. Binance, one of the largest cryptocurrency exchanges in the world, has thrived under the laissez faire approach. The lack of government regulation has allowed Binance to operate with greater flexibility and offer a wide range of trading options to its users. This has contributed to the growth of digital currencies and the overall development of the cryptocurrency market. However, it's important to note that some level of regulation is necessary to protect investors and ensure the long-term stability of the market. So, while laissez faire has been beneficial for the development of digital currencies, it's crucial to strike a balance between innovation and investor protection.
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