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Crypto, News, UK

NEWS: BoE says FTX collapse shows need for crypto regulation

By Alisha Houlihan for AMLi

Cryptocurrency needs to be regulated, following the implosion of crypto exchange FTX, Bank of England Deputy Governor, Jon Cunliffe said on Monday.

There is a nearly $3.1BN (€3BN) debt owed by FTX to its 50 biggest creditors, which has filed for bankruptcy protection in the United States (US).

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