Vitalik Buterin, the co-creator of Ethereum (CRYPTO: ETH), wants more protection for the average cryptocurrency investor.
What Happened: Buterin pointed to the Federal Deposit Insurance Corporation in the United States and Singapore’s employment law as examples of protecting vulnerable individuals.
The obvious precedent is FDIC insurance (up to $250k per person)
An interesting unrelated one is Singapore employment law. Stronger regulation for low-earning employees, and a more figure-it-out-yourself approach for the wealthier.
IMO things like this are good hybrid formulas. pic.twitter.com/25XkfE8UVc
— vitalik.eth (@VitalikButerin) May 14, 2022
Buterin said that the …
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