JPMorgan Expects Major Changes Coming to Crypto Industry and Regulation Post FTX Collapse – Regulation Bitcoin News

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JPMorgan has outlined key changes it expects in the crypto industry and its regulation following the collapse of cryptocurrency exchange FTX. bitcoin

have been introduced in Congress to make the Commodity Futures Trading Commission the primary regulator of crypto assets.New regulatory initiatives are likely to emerge focusing on custody and protection of customers’ digital assets as in the traditional financial system.

Next, “New regulatory initiatives are likely to emerge focusing on unbundling of broker, trading, lending, clearing, and custody activities as in the traditional financial system,” the JPMorgan report adds, noting: Furthermore, “New regulatory initiatives are likely to emerge focusing on transparency mandating regular reporting and auditing of reserves, assets, and liabilities across major crypto entities,” the JPMorgan strategist detailed.

 

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I made all my friend to switch to Ownr wallet from excanges after all

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Hope this says “Crypto should be decentralized!” If not, it’s pretty useless

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'key changes it expects in the crypto industry' Why are they taking over?

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Thrusting JPM is worst that thrusting FTX 🤪

I think everyone see's 'major change' coming 👀

Mainstream banks will take over the crypto ?

1) Jp morgan still exist because of fed printing money , like others . 2) Wanting to regulate even more when SBF is still not in prison after stealing billions 🤡🤡

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Thannks a milloon

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