Some have declared that doing business on digital asset trading platforms, whether trading crypto, NFTs or otherwise, is like bartering and haggling in the Wild West. I disagree.
To me, given the startling lack of U.S. regulatory oversight, the best way to describe the entire Web3 marketplace is anarchy. Even worse, it’s thieves robbing thieves amid an unsurveilled, dog-eat-dog counterfeit financial free-for-all – rife with an almost post-apocalyptic Walking Dead-like lawlessness and disorder (except of course, without the zombies).
Source: (16) THE PERILOUS REGULATORY VACUUM OF WEB3 | LinkedIn