🚨 OrionX loses $7M and the CMF says: No permits! What’s going on with your crypto?
BTC is at $79,686, down 1.8% while the Fear & Greed index marks 74, signaling greed. In the middle of this roller coaster, OrionX, the supposed Chilean “star,” announced that US$7 million were “lost” and the CMF made it clear that it was operating without permits. That not only puts user trust in jeopardy, but also highlights the regulatory chaos in LATAM. My opinion: while the CMF continues not to act, fraud will multiply and investors will end up seeking refuge in regulated exchanges or, worse, disappearing from the market. Do you think this scandal will push Chileans toward safer platforms or trigger a wave of general distrust? #Bitcoin #Crypto #BinanceSquare #CryptoChile
BTC is at $79,686, down 1.8% while the Fear & Greed index marks 74, signaling greed. In the middle of this roller coaster, OrionX, the supposed Chilean “star,” announced that US$7 million were “lost” and the CMF made it clear that it was operating without permits. That not only puts user trust in jeopardy, but also highlights the regulatory chaos in LATAM. My opinion: while the CMF continues not to act, fraud will multiply and investors will end up seeking refuge in regulated exchanges or, worse, disappearing from the market. Do you think this scandal will push Chileans toward safer platforms or trigger a wave of general distrust? #Bitcoin #Crypto #BinanceSquare #CryptoChile
