EPISODE · Nov 29, 2022 · 26 MIN

Critical Regulations for Cryptocurrency - David Ackerman #5665

from Financial Survival Network · host Kerry Lutz

Summary: Unsurprisingly, the crypto space has been imploding. I have David Ackerman on the show to gain some perspective on the recent fraud that occurred, and how we can avoid these situations in the future. David talks about the importance of protecting information, says that clarity of regulation will ensure the safety and prosperity of cryptocurrency going forward. Tune in for more insight. Highlights: -The crypto space has been imploding, which is not surprising -David Ackerman comes on the show to give us a unique perspective on how the recent fraud occurred -At a high level, we’re seeing a lot of information being condensed into a few players -In the crypto world, you don’t have protections about what information can/can’t be shared -One of the flags that David missed was people not performing the same work across the board -If you don’t understand what cryptocurrency does or what makes it valuable, it’s best to stay away from it until you gain that understanding -Look inward and understand your own financial assets, get educated, and decide how much risk you are able to take -This exemplifies why we need to put some guardrails around the digital currency industry -Better clarity of regulation will prevent future crises with crypto -David reassures us that many people in the industry are looking out for others and trying to make cryptocurrency more secure Useful Links: Financial Survival Network MobileCoin