The big lesson with FTX’s collapse is onshore vs. offshore, says former Barclays CEO

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The Atlas Merchant CEO added that the other big lesson from all these is onshore vs. offshore. He added that;

“Circle operates within the regulatory perimeter of the US while FTX was operating in the Bahamas. Strong banks want strong regulation. Will strong firms in the crypto space want strong regulation? Part of that is operating within the US perimeter.”

This latest cryptocurrency news comes as Sam Bankman-Fried’s case with the United States government continues over the collapse of the FTX exchange.

The big lesson with FTX’s collapse is onshore vs. offshore, says former Barclays CEO appeared first on CoinJournal.

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