#CryptoNavigator ✍️
Why are the returns from MathWallet’s MakerDAO protocol so high yet not illegal?
Whether it’s buying coins holding coins mining or trading none of these are illegal
These four activities all fall under the scope of decentralized blockchain operations
Anyone who’s traded crypto knows when the world’s richest man
Elon Musk tweets about crypto
The entire market can surge or crash
And every time before he releases bullish or bearish news large amounts of capital have already entered the market
If he did this in the stock market it would be considered malicious market manipulation
A criminal offense that could get him arrested thousands of times
But in the crypto space no law in the world clearly states this behavior is illegal because blockchain is decentralized and not governed by any centralized authority
Regulation is only possible within a country’s own borders for example a domestic bank may announce that buying Bitcoin could lead to account freezes but there is no law stating that buying BTC is a criminal offense
That’s the power of decentralization the core principle of blockchain
Which is also why on chain mining protocols can offer high returns without breaking the law
MR | CryptoNavigator ✍️
