Decentralized but not defenceless: Crypto’ crisis manual
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The crypto industry is known to take pride in its speed and innovation, but when it comes to crisis management, it is every bit as vulnerable as traditional finance. However, unlike TradFi, crypto lacks clear regulations, central oversight, or even shared crisis protocols, which makes things even worse.
In TradFi, a crisis situation can usually be contained through well-established frameworks—when things take a bad turn, there are central banks and regulators to turn to for help. In crypto, however, a…
