EU rules would stop practices seen at crypto exchange FTX, says European Commission

Reuters

"All these failures are very serious. We don't see them as failures of blockchain or crypto assets per se," added Alexandra Jour-Schroeder, deputy director general at the Commission's financial services unit

Huw Jones, Reuters News

November 30, 2022

PHOTO

LONDON - The "questionable practices" at now collapsed crypto exchange FTX would not have been allowed to happen under European Union rules now being finalised, a senior European Commission official said on Wednesday.

(Reporting by Huw Jones; editing by David Evans)

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.