Crypto.com’s recent purchase of an
Crypto.com’s recent purchase of an Australian broker license signals a positive shift towards greater regulatory oversight in the cryptocurrency industry. As CEO of Yellow Network, Louis Bellet emphasizes the importance of proper broker infrastructure and licensing for protecting retail investors. He argues that simply having a VASP (Virtual Asset Service Provider) license and compliance policies is insufficient, especially given recent high-profile incidents such as the FTX collapse.
Bellet urges exchanges to evolve into fully licensed brokers with robust infrastructure or risk becoming irrelevant. The article concludes by stating that the cryptocurrency trading ecosystem must prioritize safety above all else, which requires proper regulation and enforcement.
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