TradFi Fights for Tougher Crypto Rulebook in Wake of FTX Collapse

TradFi Fights for Tougher Crypto Rulebook in Wake of FTX Collapse

According to the World Federation of Exchanges, whose members include Nasdaq, the Intercontinental Exchange and the London Stock Exchange Group, the FSB should even “strengthen its stance in requiring separation of activities,” ensuring the same standards apply as would for TradFi players, when crypto companies simultaneously operate platforms, execute trades, and hold or issue cryptocurrency.

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