2022 was an eventful, crazy year for crypto complete with its very first widespread Crypto Credit Crisis. gckaloudis writes for Crypto Long & Short.
Meanwhile it was a strange year in the world of policy. While massive legislative efforts like the European Union’s Markets in Crypto Assets bill have crept closer to becoming law, few nations have actually implemented any new laws providing broad clarity for the treatment of digital assets. However,From a regulatory perspective, we’ve seen a
with the Office of Foreign Assets Control as the U.S. Treasury Department blacklisted the Tornado Cash mixer program in August which led to one of its developers, Alexey Pertsev, being arrested.our first proper Crypto Credit Crisis , which began with a glut of crypto lenders promising yield to customers in exchange for deposits and culminated with the arrest in the Bahamas and extradition to the U.S. of FTX and Alameda Research founder Sam Bankman-Fried . It was years in the making and it’s hardly the first credit crisis in financial history, but this one is definitively crypto’s.
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