With the backing of respected names in the banking sector, we will see whether Pure Digital will make it.
Governments are bad in terms of privacy but I stand with them here, how do you expect me to leave platforms without registration or official headquarters to obtain citizens' data and control the market?More people want cryptocurrencies and therefore official intervention is required.
Am I correct in assuming that this is worse than the traditional centralized exchanges [I do know it's a different type of exchange and their clients are different as well]?
There is nothing worse than the current centralized platforms, they are not subject to regulation and yet they ask for data from users, no one knows what to do with them or how to get rid of them.A lot of manipulation happens, scams, exorbitant fees, absence of technical support with no risk tolerance and the possibility of stealing money on the pretext that the platform has been hacked.
If we want central platforms, it should be organized and everyone monitors them while bearing part of the risks, and this role is very successful for banks.
In turn, it will revive the decentralized platform market, which will look better than its current state.
