Former bankers explain why they pursued cryptocurrency careers

Farzam Ehsani and Eugéne Etsebeth share their stories.

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Ciara Ryan is obviously the appointed crypto-marketer for Moneyweb.

”Once the toothpaste is out of the tube, it is awfully hard to get it back in”

H.R.Haldeman US Government Official (1926-1993)

I just hope it wasn’t FX Treasury Dealing careers – from Real money to Tokens? and /or maybe they didn’t like the scrutiny of a regulated FX market and opted out for the Bitcoin – non-regulated market?

As an ex-Treasury Dealer, I often worry that financial self-regulation is non-existent with regards to token-flows. I think it is absolutely shocking that the crypto- industry doesn’t seem to have developed and or adopted any client protection initiatives with regards to a plethora of ”come by night brokers/dealers” that has come to the fore.

Financial institutions have a strong interest to implement responsible protection (regulated) to protect their clients and avoid reputational risks.
Financial institutions are all registered Financial Service providers which are businesses that offers financial advice and/or intermediary services.
My view will never change – when you trade in Bitcoin, you do that at your peril, and without the assurance of rectification, should something go wrong!

That’s one way of looking at it. Another way is to let the economy decides. I don’t have crypto. If you don’t like it stay away. Theres al lot of value behind blockchain. Don’t crucify those that cross the Rubicon. The days of using words like “institutions” and world this and world that is gone. Decide for yourself and embrace change.

Please tell me how well Regulators are able to control the Derivatives markets?

End of comments.

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