Not Your Keys, Not Your Crypto | Latest news for IOST developers and community members.
The recent spate of crypto exchanges being shutdown by the Chinese authorities in Mainland China shows us the importance of having complete control and access of traders digital assets. This is the common risk/problem in using centralized exchanges and exemplifies the importance of an old adage "not your keys Not your crypto."
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With the amount of money that is hacked on the centralized exchanges, it appears few are learning this valuable lesson.