FTX collapse demonstrates need for regulation to protect investors in the UK.
The collapse of FTX is being viewed as a cautionary tale and a precursor for more prudent regulation by public and private sector players in the United Kingdom.interview
The deputy governor highlighted increased interest in cryptocurrency markets from financial institutions and retail users as a driving force behind the need for greater regulatory oversight in the country: “We saw things like clients' money appears to have gone missing, conflicts of interest between different operations, transparency, audit and accounting."
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