All in all, we can take the good from cryptopia's decision. Many exchanges are beginning to clean up their shop. This is the flight towards quality that we have discussed many times. ICO tokens and currencies used to do unregulated equity raises are now under even closer scrutiny and are having their positions on exchanges put at risk. This will only act to prove DNotes' prudent strategy to comply with regulations, and take more traditional funding routes than its peers was the correct one. That alone will create a huge demand in due time for exchanges to want to list DNotes -- they may not have many options in the near future!
This is certainly disappointing in the short-term, as I know that many in the community were excited about the planned listing. It is always somewhat frustrating when announced plans get changed, even when it happens due to unforeseen circumstances. From a long-term perspective, however, you're certainly right: this will end up being a good thing.
Alan is 100% correct in his assessment of the industry’s current state. Because there are some bad actors out there, everyone in the industry is being viewed with skepticism. Regulators appear to be intensifying their scrutiny of currencies, exchanges, and every other aspect of the digital currency revolution. From our point of view, that cannot be anything but a positive development.
It is an unarguably good thing that Cryptopia is adopting stricter self-regulation to ensure that it is listing only legitimate digital currencies. It is an unarguably good thing that DNotes gets an opportunity to demonstrate its legitimacy in this manner. And it is an unarguably good thing that DNotes stakeholders will be provided with this added assurance that they have put their trust in a project that goes the extra mile to prove its merit.
As Alan has repeatedly stressed, DNotes is committed to maintaining strict compliance with every law and regulation. The industry may currently seem like the Wild West of Hollywood movies, but those stories generally have heroes who adhere to a higher moral and legal code. DNotes is determined to fill that lead role, and this added scrutiny can help to shine a spotlight on that commitment.
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