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RE: Financial regulation: providing a great climate for crooks?
Very Good article.
Unfortunately theres a true saying that laws and regulations are like a fence. A lion will jump over, a snake will slide through but it keeps the sheep in place. Unfortunately when it comes to our own wellbeing we can only count on ourselves, no financial regulators or overseers will guard us.
A few months ago the president of KNF ( a goverment commission for finances control in Poland) was arrested for demanding bribe from a wealthy bank owner.
That kind of things is what pushed me towards cryptocurrencies and financial education in general. Trust no one ;)
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Thanks! Yes, it was exactly the same for me. I often think when we hear about these bribery scandals, they are just the ones who got caught. I learned so much about these things after the financial crash, and that's definitely what got me interested in cryptos.
Great saying about the fence too. Very true.