JPMorgan: Cryptocurrency Regulations Will Gain Speed ​​After FTX Bankruptcy

US investment bank JPMorgan has suggested that the bankruptcies of FTX and Alameda Research will accelerate the ongoing regulatory efforts for the cryptocurrency market.

JPMorgan 24 November In a research report published on reinforces an atmosphere of insecurity stated. In the report, it was claimed that this situation could accelerate the regulatory framework studies on cryptocurrencies that are currently underway.

Bank, MiCA legislation of the European Parliament before it enters into force after giving final approval for 18 months He stated that there is a period of time, but recent events may lead to pressure to shorten the time interval.

JPMorgan also suggested that US regulatory initiatives also saw a perceived need for increased surveillance and consumer protections, attracting more attention after Terra’s collapse in May. FTX’s bankruptcy in November is the reason for this situation. you point out the urgency underlined.

In the report, the separation of customers’ digital assets in clearing, custody, trading, debt and other forms, reporting of reserves and liabilities It has been suggested that the emergence of regulatory initiatives that focus on

The investment bank expects derivatives activities will likely shift to regulated platforms and Chicago Mercantile Exchange (CME) stated that he would most likely benefit from this arrangement.

On the other hand, JPMorgan decentralized exchanges (DEX) because it has slower transaction speeds and businesses’ trading strategies and order sizes are traceable on the network from central exchanges (CEX) a shift to decentralized exchanges don’t see it possible told.

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