FTX illustrated why banks need to take over cryptocurrency
Cointelegraph
Published Nov 19, 2022 03:05PM ET
Updated Nov 20, 2022 05:20PM ET
FTX — the three letters on everyone’s lips in recent days. For those active in the crypto space, it has been a shattering blow as a tumultuous year for crypto nears an end.
The repercussions are severe, with over a million people and businesses owed money following the collapse of the crypto exchange, according to bankruptcy filings. With investigations into the collapse ongoing, it will certainly push forward regulatory changes, either via lawmakers or through federal agencies.
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Written By: Cointelegraph
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