Crypto Firms facing Insolvency: Should better risk management structure be enforced?

Crypto Firms facing Insolvency

When we refresh our minds towards the year 2020 and 2021, your expectations of crypto space would be at an all-time high with prices of digital assets flying to the moon and more tech unicorns being born from this technology but fast forward to 2022, your sentiment might have changed. With the market falling from its all-time high figures and a decrease in investments flowing to the space, it feels like we are entering another Crypto Winter.

Source: https://coingeek.com/is-three-arrows-capital-insolvent/

Should Better Risk Management Structure be enforced?

Risk is an important word in dealing with all investments or businesses as essentially every action a person will always contain some portion of risk into it. Obviously in the crypto space that risk got geared up way up a notch as the volatile nature of the crypto market itself will always affect investors and institutions who are willing to join the space. This also comes with the point that crypto is still in the early phase and most of the regulations enforced are still in a reactive stage.

Source: https://www.securitymagazine.com/articles/97615-building-a-risk-management-program

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Nagaya Technologies

Nagaya Technologies

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NAGAYA (NGY) is a Gold-Backed Cryptocurrency with Subsidiary Projects. We aim to build Trust and Value through LEGALITY and TRANSPARENCY. https://nagaya.co/