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TraderThew

11/14/22 11:59 AM

#47773 RE: dukelasilvertbird #47771

It strengthens our position, in my opinion. The issue with FTX seems to be a lack of regulation and rules, etc, that allowed the firm to speculate and not have appropriate reserves to handle what was equal to a bank run of withdrawals on their exchange. Belfrics has been working closely with regulators and soft launching the platform, as I understand, and is arguably the most compliant exchange. They have KYC verification, etc, and have been setting up to avoid things like what Binance realized the hard way by losing billions of potential revenue because their lack of security measures early on. But. Yes. If management can deliver on this, YES....