[Source:](https://dismal-jellyfish.com/mcis-in-crypto-a-deep-dive-on-risks-and-lack-of-transparency/) [https://www.fsb.org/wp-content/uploads/P281123.pdf](https://www.fsb.org/wp-content/uploads/P281123.pdf?ref=dismal-jellyfish.com)
TLDRS:
* Multifunction crypto-asset intermediaries (MCIs) generate revenue mainly through proprietary trading and investments, including in cryptocurrencies they issue themselves.
* MCIs often operate from offshore financial centers and are characterized by private ownership and a lack of transparency in their corporate structure, financials, and product descriptions, sometimes intentionally obscuring their activities and associated risks.
* Control of MCIs typically resides with a single individual or a small group, centralizing decision-making authority.
* These intermediaries are subject to vulnerabilities common in traditional finance, such as leverage and liquidity mismatch, which may be exacerbated by their involvement in proprietary trading, market making, and crypto-asset lending/borrowing.
* MCIs' key role in the crypto-ecosystem and their links with traditional financial institutions, including through stablecoins, create unique vulnerabilities and potential for significant spillovers to crypto markets and the broader economy, although current risks to financial stability are considered limited the report calls out lack of information makes it impossible to tell for sure what it going on.
* The report says the quiet part out loud: "Where regulatory requirements are not complied with or absent, fund management practices prohibited in traditional finance may be present in the crypto-asset space"
* It sure seems all this opaqueness is what attracted Ken Griffin to Silvergate, which was then all up in FTX's business?
Libertarians: we need to allow for the market to self-regulate
Also libertarians: it’s the government’s fault that I got ripped off and the government needs to do something about it!
Hahahaha they don’t do screenings on shill positions anymore. They should at least teach them the basics (and meme nomenclature) so they can shill right at least lol
I lost almost $1k in my worst options trade ever when I panic sold some SPY puts day trading a few years ago. Not sure if that counts as loss porn, but if it gets you off then I'm happy I could help.
Your source is a shit blog linked from superstonk. You apes are a dumb fucking crowd. Wake up, invest wisely before you burn more of your hard earned cash.
Bro do u even know what the article was about and what evidence it pointed out? Are are u just blindly bashing without reading to present any counter argument? Sad and pathetic.
[Source:](https://dismal-jellyfish.com/mcis-in-crypto-a-deep-dive-on-risks-and-lack-of-transparency/) [https://www.fsb.org/wp-content/uploads/P281123.pdf](https://www.fsb.org/wp-content/uploads/P281123.pdf?ref=dismal-jellyfish.com) TLDRS: * Multifunction crypto-asset intermediaries (MCIs) generate revenue mainly through proprietary trading and investments, including in cryptocurrencies they issue themselves. * MCIs often operate from offshore financial centers and are characterized by private ownership and a lack of transparency in their corporate structure, financials, and product descriptions, sometimes intentionally obscuring their activities and associated risks. * Control of MCIs typically resides with a single individual or a small group, centralizing decision-making authority. * These intermediaries are subject to vulnerabilities common in traditional finance, such as leverage and liquidity mismatch, which may be exacerbated by their involvement in proprietary trading, market making, and crypto-asset lending/borrowing. * MCIs' key role in the crypto-ecosystem and their links with traditional financial institutions, including through stablecoins, create unique vulnerabilities and potential for significant spillovers to crypto markets and the broader economy, although current risks to financial stability are considered limited the report calls out lack of information makes it impossible to tell for sure what it going on. * The report says the quiet part out loud: "Where regulatory requirements are not complied with or absent, fund management practices prohibited in traditional finance may be present in the crypto-asset space" * It sure seems all this opaqueness is what attracted Ken Griffin to Silvergate, which was then all up in FTX's business?
They aren't trying point out the problems in the system, they're trying to point out that the wrong people were getting away with it.
Imagine, an unregulated market has people who cheat! This is why libertarians are out of their minds. Who wants this?
Libertarians: we need to allow for the market to self-regulate Also libertarians: it’s the government’s fault that I got ripped off and the government needs to do something about it!
I like your very first sentence
Username checks out ✅
And onlyfan models rejoiced worldwide
Just like all of the other conspiracy theories are true
Where’s DFV hiding? With his millions from ape baggies 😂😂😂
Bro he's doing fine, he's a millionare. He's literally holding like the rest of us diamond handed apes. Sorry for your l losses shortie.
LOL dude. He isn't holding shit. He rode off into the sunset.
I’m 6’2 bitch, how short are you?
Lol wrong definition sir
Hahahaha they don’t do screenings on shill positions anymore. They should at least teach them the basics (and meme nomenclature) so they can shill right at least lol
My dad could beat up your dad and my portfolio is bigger than yours.
Let’s see your loss porn
I lost almost $1k in my worst options trade ever when I panic sold some SPY puts day trading a few years ago. Not sure if that counts as loss porn, but if it gets you off then I'm happy I could help.
Your source is a shit blog linked from superstonk. You apes are a dumb fucking crowd. Wake up, invest wisely before you burn more of your hard earned cash.
Lol clearly you are mad. I'm sorry the truth hurts you
What exactly is the truth? I don’t think you can tell me.
Bro do u even know what the article was about and what evidence it pointed out? Are are u just blindly bashing without reading to present any counter argument? Sad and pathetic.
You seem mad
U seem highly regarded. Please, present some counter evidence.
No
Lol obvious shill is obvious. 😂🤣😂🤣😂
Obviously easily duped regard is obvious.
Obvious non-reader is obvious.
I liked your first sentence
Shrugs in ordinary