Will Crypto Become The Next Binary Options-Like Regulator Disaster?
In 2008, the Bitcoin white paper was published by unknown individuals and implemented in its initial release in 2009. In this period, we also see the birth of the binary options industry. The infamous Banc de Binary was founded by Oran Laurent at the time and lasted until 2017 before it had to close due to legal and regulatory issues. As of 2017, Binary Options were banned in most regulatory regimes due to their susceptibility to fraud. After the crypto debacles of 2022, does the Bitcoin industry face a similar fate? Here are our thoughts on the matter.