The current market environment has exposed that many of the blockchain-related developments of the last years are no different than the risky financial products of the past. Opaque leverage is to blame in many crypto crashes, just like it was to blame in the financial crisis of 2008.
Paxos CEO and Co-Founder Charles Cascarilla explains how many of these products were not built to create enduring value. On Friday, June 17, he sat down with Errol Louis of NY1 on Inside City Hall to discuss the ongoing challenges of the market, the state of regulation and how Paxos is delivering innovative solutions as a blockchain infrastructure provider.
Tune in to watch the whole segment.