What is the primary responsibility of a cryptocurrency exchange according to the transcript?
Independent Reserve's Przelozny on Crypto Regulations

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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To provide a wide range of cryptocurrencies
To ensure the safety of user funds
To maximize profits for shareholders
To offer the lowest transaction fees
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why might cryptocurrency exchanges be compared to banks?
They both issue credit cards
They both offer savings accounts
They both require regulation for lending activities
They both have physical branches
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was a surprising aspect of the FTX situation?
The number of cryptocurrencies they offered
The poor due diligence by major investors
Their headquarters location
The high level of regulation they had
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a consequence of operating in an unregulated cryptocurrency market?
Guaranteed safety of client assets
Increased innovation and creativity
Stable market conditions
Higher rewards for taking risks with client funds
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can exchanges ensure they meet their obligations to customers?
By increasing the number of cryptocurrencies available
By reducing the number of employees
By offering discounts on trading fees
By providing clear information on risks and external oversight
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What can regulatory bodies do to help protect consumers in the cryptocurrency market?
Allow regulated exchanges to advertise and educate consumers
Ban all cryptocurrency exchanges
Set fixed prices for cryptocurrencies
Provide government-backed insurance for all exchanges
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a major risk currently affecting the cryptocurrency market?
High transaction fees
Lack of interest from investors
Counterparty risk and uncertainty
Limited availability of cryptocurrencies
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