og.12314 4540 Hsu Brings Crypto-Skepticism to Blockchain Summit

Hsu Brings Crypto-Skepticism to Blockchain Summit

-The recent market volatility in the crypto space provides an opportunity to reset and recalibrate the problems the industry is trying to solve.
-Cryptocurrency markets are highly fragmented and cryptocurrency exchanges are prone to hacks.
-Contagion risks for cryptocurrency markets are just as real as other financial markets.
-Custody and ownership rights are under-developed for the size, scope, and ambitions of the industry.
-The OCC’s careful and cautious approach has shown value in the recent market volatility, as there has been no contagion from cryptocurrencies to traditional banking and finance.
-Hype is not harmless and the hype of crypto and digital assets and the associated vulnerabilities make the crypto space very dangerous for investors of modest means.

 

 

og.12314 4540 Hsu Brings Crypto-Skepticism to Blockchain Summit
Hsu Brings Crypto-Skepticism to Blockchain Summit 3

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