Financial Stability Watchdogs Vow to Tackle DeFi, Learn FTX Lessons

Financial Stability Watchdogs Vow to Tackle DeFi, Learn FTX Lessons

“Crypto trading platforms, combining multiple activities that are normally separated in traditional finance, can lead to concentrations of risk, conflicts of interest, and a misuse of client assets,” the FSB said, noting it had drawn “preliminary lessons from the recent failure of FTX.”

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