Post by: newshunter on June 19, 2021, 01:00:30 PM
After a bank run on the Iron Finance protocol cost him dearly, Mark Cuban is calling for regulation to define “what a stablecoin is and what collateralization is acceptable.”
Source: Mark Cuban calls for stablecoin regulation in wake of Iron Finance 'bank run' (https://cointelegraph.com/news/mark-cuban-calls-for-stablecoin-regulation-in-wake-of-iron-finance-bank-run)
Would appreciate your opinion about this
Post by: TomPluz on June 20, 2021, 07:02:57 AM
I am definitely agreeing with Mark Cuban. People are losing their money and investments in DeFi platforms, it is time to act and imposed an acceptable regulatory framework for platforms participating in this industry. We should not allow these problems to taint the potential of DeFi to revolutionize money, banking and finance. There will always be scalawags in any industry, but I have to admit honestly that here we have too much of them - unless there will be a concerted act to curve them or even kick them away for good.