🔒 Binance Academy Launches New Course with Global Fintech Institute: Quiz Answers!
এই কোর্সটি ক্রিপ্টোকারেন্সির নিয়ন্ত্রক ঝুঁকি (Regulatory Risks) এবং বিশ্বব্যাপী নিয়ন্ত্রক কাঠামো নিয়ে আলোচনা করে। নিচে কোর্স অনুযায়ী প্রশ্ন ও সঠিক উত্তরগুলি দেওয়া হলো:
1. Global Regulatory Landscape
- Question: How is the current state of cryptocurrency regulation around the world best described?
Answer: Varying and rapidly evolving, with countries adopting different approaches. - Question: Current regulatory approaches to the rapidly evolving cryptocurrency landscape remain largely based on what type of regulation?
Answer: Traditional finance regulations. - Question: Which international body provides global standards for Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) related to crypto assets?
Answer: The Financial Action Task Force (FATF) - Question: The lack of alignment and varying categorization of crypto assets across jurisdictions primarily leads to which critical issue?
Answer: Confusion, inefficiencies, and the potential for regulatory arbitrage. - Question: Besides concerns about financial stability, what is another reason cited by countries taking a more cautious stance and disallowing the use of cryptocurrencies altogether?
Answer: Fraud. - Question: Jurisdictions that move toward comprehensive regulation are primarily focused on protecting investors and ensuring what else?
Answer: Market integrity. - Question: Which international organization sets international benchmarks for the regulation of securities markets, including crypto and digital assets?
Answer: The International Organization of Securities Commissions (IOSCO) - Question: What is the fundamental problem created by the crypto market that is not fully captured by existing regulatory frameworks?
Answer: Unique risks and opportunities. - Question: Which international body supports central banks in achieving financial stability and has issued papers emphasizing the potential risks and benefits of stablecoins?
Answer: The Bank of International Settlements (BIS) - Question: What is a primary focus for jurisdictions establishing comprehensive regulation through licensing or supervisory frameworks?
Answer: C) Protecting investors and ensuring market integrity. - Question: Some countries choose to embrace cryptocurrencies by allowing their use for which specific purpose?
Answer: B) Payments for goods and services. - Question: What is the critical balance that governments are attempting to achieve as the crypto landscape continues to expand?
Answer: C) Balancing innovation with the need for oversight. - Question: Which country is specifically mentioned for having adopted Bitcoin as legal tender?
Answer: C) El Salvador - Question: As of March 2025, what was the estimated global market capitalization of cryptocurrency mentioned?
Answer: D) USD $2.99 trillion
2. Risks & Challenges
- Question: The FTX exchange, one of the largest cryptocurrency exchanges, collapsed dramatically in which year?
Answer: C) 2022 - Question: What was identified as the fundamental flaw at the heart of FTX's downfall that led to billions of dollars in losses?
Answer: B) The failure to properly safeguard customer assets. - Question: Which country is specifically mentioned for having adopted Bitcoin as legal tender?
Answer: C) El Salvador - Question: What did reports reveal about how FTX misused customer deposits?
Answer: B) They were used for risky investments without user consent or knowledge. - Question: Following the FTX debacle, what is a crucial lesson that underscores the need for exchanges to segregate?
Answer: C) They must segregate customer funds away from company assets. - Question: Which two factors were highlighted as being critical to protect investors and ensure exchanges adhere to proper standards, following the FTX collapse?
Answer: B) Regulation and oversight. - Question: Non-fungible tokens (NFTs) have increasingly become a vehicle for which illicit activity?
Answer: C) Money laundering - Question: The use of NFTs for money laundering is aided by which characteristic of the NFT market?
Answer: C) Its growing popularity and relatively unregulated status. - Question: In the money laundering method described, what is the purpose of selling a low-value NFT at an artificially inflated price to a counterparty?
Answer: B) To create the illusion of a legitimate transaction. - Question: What is the critical balance that regulators are attempting to achieve in the crypto market?
Answer: C) Balancing fostering innovation with ensuring security and consumer protection. - Question: Which of the following is described as a significant challenge in the cryptocurrency space, often stemming from opacity on the part of token issuers or exchanges?
Answer: B) Information asymmetry - Question: As retail participation in crypto markets grows, what factor, along with market volatility and complexity, leads to increasing nervousness among regulators?
Answer: B) A general lack of understanding about how these markets function. - Question: What regulatory action is complicated by the cross-border nature of the cryptocurrency ecosystem, due to laws varying from jurisdiction to jurisdiction?
Answer: B) The enforcement of legal remedies. - Question: The growing need for crypto regulation has become more pressing primarily due to the increase in which of the following?
Answer: C) The use of digital assets in illicit activities - Question: Which of the following is cited as an example of illicit activity involving cryptocurrencies that raises alarm for regulators worldwide?
Answer: B) Ransomware attacks - Question: What type of NFT is typically purchased first using illicit money in this money laundering typology?
Answer: B) Low-value NFTs, often with minimal scrutiny. - Question: How do criminals complete the final step of "cleaning" the illicit proceeds and making them appear as legitimate earnings?
Answer: C) By converting the NFT back into fiat currency through a resale. - Question: What is the anticipated number of cryptocurrency users worldwide by the year 2025, as mentioned in the discussion?
Answer: C) 860 million users - Question: Which factor is cited as a challenge for a global exchange dealing with multi-jurisdictional compliance?
Answer: B) Varied requirements for customer due diligence and data retention across regions. - Question: What is the primary function of the Risk Engine used by the exchange in its AML toolkit?
Answer: C) A real-time threat screening system integrating AI, machine learning, and human oversight. - Question: What mandatory process is described as the backbone of any compliance and AML program, utilizing AI-driven identity checks?
Answer: C) KYC (Know Your Customer) verification. - Question: In 2024, what was the average response time for the exchange when fulfilling law enforcement requests?
Answer: B) Just three days. - Question: What was the total estimated value of potential losses from scams and fraud that the exchange's risk management system had prevented by the end of 2024?
Answer: D) Over $4.2 billion US dollars. - Question: Which regulatory event marked the shift from "crypto regulation in theory to regulation in action" in 2022?
Answer: B) The finalization of the EU's MiCA and transfer of funds regulation. - Question: The collapse of Terra/Luna in 2022 primarily raised questions about the fragility of what specific type of financial tool?
Answer: B) Algorithmic financial engineering (algorithmic stablecoins). - Question: What is the core challenge that the segment identifies as remaining, despite global progress in crypto regulation?
Answer: B) Regulatory fragmentation across different jurisdictions. - Question: As of March 2025, what was the estimated global market capitalization of cryptocurrency mentioned?
Answer: D) USD $2.99 trillion - Question: What is one of the key capabilities enabled by the crypto ecosystem that is described as reshaping how we think about ownership and value creation?
Answer: C) Fractionalizing high-value assets to allow broader access. - Question: What is the self-custody model's fundamental impact, secured by private keys, on the user's control of assets?
Answer: C) It fundamentally shifts power and control of assets to the individual.
3. Singapore as a Case Study
- Question: What major piece of legislation introduced in January 2020 brought crypto exchanges and dealing platforms under the regulatory oversight of the Monetary Authority of Singapore (MAS)?
Answer: B) The Payment Services Act - Question: Which of the following best reflects the Monetary Authority of Singapore (MAS)'s view on cryptocurrency trading for the general public, as noted in January 2022?
Answer: B) It is highly risky and not suitable for the general public. - Question: The overarching regulatory philosophy of the Monetary Authority of Singapore (MAS) is described as having the twin objectives of creating what kind of financial sector?
Answer: C) Sound and progressive. - Question: What key consumer protection measures, related to client assets and consumer safeguards, were implemented by the MAS in April 2024?
Answer: C) Client asset segregation and enhanced consumer protections. - Question: The overarching goal of the MAS Tenets of Effective Regulation is to ensure that regulations achieve what balance?
Answer: B) Managing risks effectively while also being conducive to fostering innovation. - Question: The "twin objectives" of the MAS regulatory philosophy refer to the tension between facilitating sound regulations and what other key goal?
Answer: B) Fostering innovation. - Question: Which of the following is an emphasized principle in the MAS's Tenets of Effective Regulation to guide its approach?
Answer: C) Being outcome-focused. - Question: What key principle supports the MAS's Tenets of Effective Regulation by empowering consumers with necessary information?
Answer: C) A disclosure-based approach. - Question: Which of the following is one of the key objectives of the MAS to protect the integrity of financial markets?
Answer: B) Ensuring a stable financial system and maintaining safe and sound intermediaries.