FTX COLLAPSE MAY PROMPT CREATION OF GLOBAL CRYPTO-EXCHANGE REGULATION
January 22nd, 2023
The collapse of crypto-trading platform FTX and its associated hedge fund Alameda Research may help spark the creation of a global regulatory regime to monitor crypto-currency exchanges. Keith Nuthall reports.
The FTX Group’s November 11 filing for US Chapter 11 bankruptcy sent shockwaves through the global crypto-currency market and should encourage the development of international regulation to control this unstable industry.
According to bankruptcy filings, FTX, owed USD3.1 billion to its 50 largest creditors and more than USD5 billion to around 9 ...
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