Apple cracks down on NFT functionality, social post boosts with App Store rules
TechCrunchAPR 2023
As the entire world becomes aware of what was once a niche hobby for enthusiasts, governments and the general public have begun to understand that unregulated cryptocurrency is a growing threat to unsuspecting investors. Blatant Ponzi schemes like this are tragic for those who fall for them, but so are the so-called "stable" coins like Bitcoin that can lose over half of their value seemingly overnight. Regulators need to be on top of this volatile industry before more victims lose their savings.
Despite what you may hear in the news and from politicians, the government is not broadening its investigatory and regulatory reach to help the people fight crypto schemes. On the contrary, the establishment wants to use Ponzi scheme stories to cudgel citizens into giving them the power to control how they invest and what they purchase.