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Decentralized but not defenceless: Crypto needs a crisis manual | Opinion
Decentralized but not defenceless: Crypto needs a crisis manual | Opinion
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The cryptocurrency industry prides itself on speed and innovation, yet its crisis management capabilities remain alarmingly underdeveloped. Unlike traditional finance, where central banks and regulators provide structured intervention frameworks, crypto operates in a regulatory vacuum. Viral social media panic and a lack of accountability can escalate isolated incidents into systemic threats within hours.
Without shared protocols or oversight, the sector remains vulnerable to cascading failures. The absence of standardized crisis response mechanisms exposes a critical weakness in an otherwise resilient ecosystem. Market participants must prioritize contingency planning to mitigate existential risks.
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