Topic: Safeguarding Blockchain Sector from Malicious Actors. (Read 48 times)

You have a point man, that's why it's good to scrutinize and do extensive DYOR on where you trade. While I acknowledge the importance of dex, I'm still going cex cos of the plethora of rewards that comes with it. You just have to check for the ones with good records, security, and other stuffs you're looking for..here's an example I'm talking about. https://twitter.com/bitgetglobal/status/1771083491960033413?t=3PE2pVxfSMAQ7hcCsC_9Rg&s=19

Because of the bull run prompted by the bitcoin halving event,
it is expected that many would attempt to get richer by other means.
I mean there are always a lot of dangers and threat when it comes to crypto
but even more so when the market is generally looking up.

What the exchanges have to do now is to just strengthen their
barriers. We have seen many centralized exchanges lose their clients’ money
and we would not want to be at the other end of that. Therefore I think
It is much safer to use a decentralized exchange rather than its counterpart

I want to make more money than I currently do from the blockchain space. But here's what I'm thinking about; effective regulations are needed in the blockchain sector to safeguard users from malicious individuals. The fear of hacks and exchanges being halted from providing services in certain religions for no clear reasons has to be addressed. Additionally, clear guidelines are crucial to provide the industry with a defined framework within the legal system, allowing it to expand and advance further.

I recently read an article by Gracy Chen, the MD, Bitget Exchange giving analysis of the rapid growth of the crypto industry in the Middle East, particularly in countries like the UAE, Saudi Arabia, and Oman, to have been remarkable in recent years. With a significant increase in registered crypto businesses, a surge in crypto transactions, and a growing mining hash rate, the region has become a key player in the global blockchain ecosystem.

The confidence and optimism among investors in those region, fueled by expectations of Bitcoin's halving and a potential Bull Run, highlight the strong belief in the future potential of cryptocurrency.  I know it is mentioned in her article how her Exchange company scale their operations in the Middle East and hire professionals to support their growth, but my focus is not only on the region's potential but also on driving greater crypto adoption globally.
Ref: https://www.omanobserver.om/article/1151158/opinion/blockchain-in-mena-region-its-present-and-future

Here's my concern, especially as everyone prepares for Bull run, how can exchanges and other blockchain companies team up to get clear regulations that guides the sector and is it possible to come out with measures to combat crime of hacking and other evil actors in the scene?