the US govt. (Treasury Dept, US Trade Rep) is getting serious w/long standing currency manipulators. regulators regularly crack down on egregious currency manipulation. the former concerns countries, the latter banks. both manipulate fiat currencies. manipulation is rife, even in regulated markets - this does not mean regulation is useless, on the contrary. believing cryptocurrencies markets are healthy is foolish. however laudable Bitwise’s paper is, uncovering fake volume & wash trading, it is more than puzzling their analysis does not cover other questionable activities, does not delve into the Tether issue, or cherry picks data sets to fit a narrative that sanctifies a “small but healthy” market narrative. #cryptocurrency #banks #cryptocurrencies #regulation #fx #fiat #exchanges #currencies #markets #financialservices …see more