![]() Cryptocurrencies are largely unregulated and this lack of oversight has led to some fraudulent activities and scams. One of the biggest factors contributing to the recent crypto market drop is increased regulation by governments around the world. The war in Ukraine and the Covid pandemic have both had an effect on the crypto industry, and the recent news of Paxos being ordered to stop issuing Binance Stablecoin and being met with a lawsuit from the SEC have certainly raised some concerns. However,the question of whether the crypto industry will survive is a complex one that cannot be answered definitively. ![]() Despite facing numerous challenges and criticisms, the industry has managed to grow and evolve into a multi-billion dollar market. ![]() ![]() The crypto market has come a long way since its inception more than a decade ago. ![]()
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