More Crypto Safeguards Needed to Prevent FTX Fallout Situation, Says Financial Stability Board

More measures may be needed to stop blow-ups at complex crypto firms like FTX from destabilising the wider financial system, the global Financial Stability Board (FSB) said on Tuesday. The FSB, which groups regulators, central banks and treasury officials from the G20 economies, said turmoil in crypto markets last year when FTX collapsed highlighted how…

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Philippines’ SEC to Block Access to Binance, Says Crypto Exchange’s Operator Not a Registered Corporation

The Philippines’ Securities and Exchange Commission has begun the process of blocking access to the world’s largest crypto exchange Binance, whose chief last week stepped down and pleaded guilty to breaking US anti-money laundering laws. The SEC said the operator of Binance was not a registered corporation in the Philippines, and was operating without the…

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