3# The collapse of centralized crypto exchanges shows how terrible the situation can be if people rely on the centralized entity. Recently Russia thinks about launching a national crypto exchange to make crypto trade safe and secure. They have made a bill about creating a national crypto exchange. It is in the process and has not been approved yet. After the FTX collapse, some investors shout out for having more regulations in crypto for protection. Regulators do not need new regulations to give justice who commit crimes, fraud, and scams. FTX CEO Sam Bankman-Fried or SBF is still free, there is a question of whether people see him in jail or not.
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The regulation will come. BaFin is already talking about this