NEWS: BoE says FTX collapse shows need for crypto regulation

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By Alisha Houlihan for AMLi

Cryptocurrency needs to be regulated, following the implosion of crypto exchange FTX, Bank of England Deputy Governor, Jon Cunliffe said on Monday.

There is a nearly $3.1BN (€3BN) debt owed by FTX to its 50 biggest creditors, which has filed for bankruptcy protection in the United States (US).

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The post NEWS: BoE says FTX collapse shows need for crypto regulation appeared first on AML Intelligence.

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