Consensys Joseph Lubin talks about infection and regulations according to the CEFI crash 2022

Consensys Joseph Lubin talks about infection and regulations according to the CEFI crash 2022

After the spectacular breakdown of numerous CEFI companies last year, all regulatory eyes have directed the crypto industry.

Joseph Lubin, the CEO of Consensys, also commented on this matter during the Building Blocks 23 event in Tel Aviv and said that his organization wanted to work with global guard dogs to introduce friendlier regulations.

• 2022 will be one of the hardest for the cryptocurrency room in history after numerous CEFI participants, such as Blockfi, Voyager and Celsius, have decreased.
• Something expected, these loud bankruptcies led to the question of whether Defi is the more suitable option, and Lubin said he believes that this was indeed the case.
• He noted that Defi "worked very nicely" while he also pointed out that CEFI was a "self -limited process" that grew too quickly before finally exploding just as quickly.
• Nevertheless, he explained that he did not want to “throw everyone under the bus”, since some CEFI companies are still operational and in good reputation. He added that centralized financial companies helped to get new users on board while the cryptocurrency industry grew.
• In this way, they managed to pave the way for a decentralized financing in which the area of ​​digital assets goes, Lubin.
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• Speaking of regulations: The Consensys manager claimed that his company wanted to work with global guard dogs to introduce "friendly regulations", but admitted that this was not as easy as it was listened to.

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