Opinion | Seychelles-based BitMEX and the great crypto heist
So far, regulators have been asleep at the wheel as the crypto cancer has metastasized
There is a good reason why every civilized country in the world tightly regulates its financial system. The 2008 global financial crisis, after all, was largely the result of rolling back financial regulation. Crooks, criminals and grifters are a fact of life, and no financial system can serve its proper purpose unless investors are protected from them.