FTX’s bankruptcy cryptocurrency bankruptcy, while creating a shock effect in the market Bitcoin (BTC) and its impact on cryptocurrencies still makes itself felt.
FTX The US banking giant assessing the impact of the bankruptcy of Alameda Research and its sister company, Alameda Research, on the crypto market JP Morgansaid that the bankruptcy will positively impact crypto regulations.
In this context, the bank stated that the crypto market regulation initiatives already underway will accelerate after the FTX and Alameda bankruptcies.
of the European Parliament MiCA Referring to its approval of the bill, JP Morgan said that events with consequences such as the bankruptcy of FTX may lead to pressure to shorten the timeline set in MICA.
“U.S. regulators have seen the need for increased surveillance and consumer protections for the cryptocurrency market following the Terra crash in May.
In this context, it is likely that there will be more urgency regarding crypto regulations after the FTX bankruptcy in November.
It is also likely that regulatory initiatives will emerge that focus on the custody and protection of clients’ digital assets, the separation of broker/trading/lending/clearing/custodial activities, transparency and reporting of assets and liabilities.”
After the FTX bankruptcy, investors from centralized exchanges (CEX)to decentralized exchanges (DEX) Stating that it is skeptical of the shift, the bank stated that DEXs will not be functional for larger institutions due to slower transaction speeds and low transaction volumes.
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