Crypto.com’s recent acquisition of an
Crypto.com’s recent acquisition of an Australian broker license signals a positive shift towards improved regulatory compliance within the cryptocurrency industry. According to Louis Bellet, CEO of Yellow Network, this development marks the recognition that basic broker-dealer regulations cannot be ignored in crypto trading.
He argues that traditional financial
He argues that traditional financial infrastructure provides greater protection for investors, emphasizing the need for crypto exchanges to evolve into properly licensed brokers with robust infrastructure. Bellet emphasizes that merely relying on virtual asset service provider (VASP) licenses and superficial compliance policies is insufficient to safeguard retail investors.
Instead, he advocates for a comprehensive approach involving legitimate broker licenses and purpose-built infrastructure to build a safer crypto trading ecosystem.
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