Kraken COO: The Crypto Market Can Only Develop in a Legal Field

According to Kraken COO Dave Ripley, the crypto market will only be able to develop if it is regulated. The state must ensure the safety of investors and the transparency of transactions with digital currencies.

He has spoken in favor of sensible regulation of the blockchain industry and has called on companies to be accountable in providing investor guarantees.

Ripley has commented on the collapse of FTX. According to him, any user of a centralized platform can control and manage their own digital assets.

Each exchange must develop a customer protection mechanism and adhere to it in order to prevent complications from the situation and minimize the risks of bankruptcy.