What happened to crypto before 2022?
Before 2022, sanctions in crypto sounded somewhat extravagant. While governments around the world have been after this industry for quite a while, it still seemed that cryptocurrencies, by their initial promise of privacy, freedom and censorship resistance, wouldn’t become as politicized as the fiat system.
Will crypto exchanges be like banks?
An approach like this might soon make crypto exchanges and other services very similar to banks, effectively excluding “risky” clients and leaving many people frozen out of the financial system.
Will the sanctions on crypto get any lower in foreseeable future?
There is no sign the sanctions pressure on crypto will get any lower in foreseeable future – on the contrary, the U.S. government, for one, believes crypto services must be proactively banning users when they see “clearly observable red flags” and not to wait for the government agencies to guide their hand.
Will this second 'crypto winter' be a net positive?
"Although investors have suffered significant losses, we believe this second 'crypto winter' will be a net positive because the FTX collapse will edge the crypto ecosystem closer to the established financial sector."