The Chief Financial Officer of Coinbase says that fraud issues are with some centralised exchanges, and not with crypto.
Alicia Haas, CFO of Coinbase, was interviewed by the Wall Street Journal on Wednesday, where she defended crypto, DeFi, and Bitcoin, saying that they are performing exactly as they are supposed to, and that the issue was with some centralised exchanges.
Haas said that crypto still needed the onramps where dollars, yen, or pounds etc., were used to buy cryptocurrencies, and that this infrastructure, as well as the crypto economy, were still being built out.
She said that the road for crypto was towards decentralised finance, but as it stood, there was still a need for centralised exchanges, and far more transparency. Also, regulation would need to be imposed on these centralised intermediaries.
When asked how companies such as FTX, and others like it had been allowed to operate in such a way, Haas said that for FTX it was simply a case of fraud, and that this had caus
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