Regulation - a major issue in 2023

Shant Manukyan noted that in the current outlook cryptocurrency markets benefit from liquidity or high risk perception, and said: "If central banks are expected to lower interest rates and increase liquidity by the middle of the recession, and if the war ends, it will be positive for cryptocurrency markets".
Recalling that cryptocurrencies do not provide protection against inflation, Manukyan stressed that a very clear history is now needed to return investors to cryptocurrency markets.
Manukyan said, "So the first question we have to answer in cryptocurrencies is what function does this cryptocurrency have for me to take it into the portfolio?".
Stating that the second important issue is regulation, Manukyan recalled that the US Securities and Exchange Commission (SEC) claims that FTX is a security for FTT cryptocurrency.
Manukian: "This event is important because, although we say that decisions made in the US do not affect all cryptocurrencies, the framework drawn there will eventually spread to Europe and Turkey. That will be the basis," he said.
Emphasizing that one of the main issues in 2023 will be regulation if "fraud" ends, Manukyan concluded his speech as follows:
"We’ll see what appetite comes with regulation. However, as I said at the beginning, the price movements due to the crises were certainly negative, but I think it was good for the future to see the problems here before they spread to very large segments".