Investment bank JPMorgan sees a silver lining for crypto in the recent FTX collapse, as it could bring needed regulatory change. Moreover, the firm points out that the collapse came from centralized entities, not decentralized applications.
The world’s largest bank by market cap issued a report tackling the recent collapse of FTX, highlighting the causes and the potential effects from it. According to the report, JPMorgan sees FTX’s crash as a “major short-term setback,” but one that could help bring change to the industry.
„We see the widely publicized collapse of FTX as potentially dramatically accelerating the timeline to which crypto-related regulation will be ushered in,” analysts at JPMorgan wrote.
Regulation “Necessary” to Bring Crypto to the Masses
FTX is just one of the recent high-profile collapses in the crypto space. The other two are Singapore-based crypto hedge fund Three Arrows Capital and stablecoin issuer Terra-Luna.
The collapse of these pl
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