Crypto Crackdown Puts Binance-Linked Stablecoin in Crosshairs

What is a significant challenge in regulating Tether?

• It is not traded on Binance.

• It is not a stablecoin.

• It is not domiciled in the US.

• It is not widely used.

What percentage of Binance's trade volume was in BUSD at the start of the year?

• 10%

• 20%

• 50%

• 35%

What is regulatory arbitrage?

• Complying with all global regulations

• Avoiding regulations by operating in friendly jurisdictions

• Ignoring all regulations

• Finding jurisdictions with strict regulations

How does Europe approach cryptocurrency regulation?

• Through strict enforcement actions

• By ignoring the industry

• By banning all cryptocurrencies

• By issuing guidance

What was a key difference between Kraken and Coinbase's staking services?

• Coinbase was immune to regulation

• Coinbase did not offer staking

• Kraken's service attracted the SEC first

• Kraken offered higher returns

What is a fundamental aspect of staking in blockchain technology?

• It is illegal in the US

• It is only used in Bitcoin

• It benefits most participants

• It is similar to centralized lending

What is the industry's reaction to regulation by enforcement?

• They find it unnecessary

• They are caught off guard

• They fully support it

• They prefer it over guidance