The BlackRock boss said the FTX crash would see most crypto firms fail, but the operators of local exchanges, law firms and funds are much more optimistic.
Leading operators in Australia’s reeling cryptocurrency sector have sought to distance themselves from the catastrophic fallout of the collapse of FTX, saying the blockchain-based technology being created will outlive passing controversies, and insisting imminent regulations will give investors much-needed surety.′ DealBook summit, he expects most existing crypto companies to fail in a post-FTX plunge, which came at the end of a year when the sector had already plummeted.
“It’s not a sequence of events that’s specific to crypto, but it highlighted again the need for regulation in the industry,”Last week, Jonathan Levin, co-founder of the world’s most important crypto and blockchain analysis firm Chainalysis,, such as Independent Reserve, to cut the risk of losing everything in a future crash.
“It’s understandable that the Labor government didn’t make crypto regulation a priority, but given what’s happened with FTX, it’s becoming harder and harder for governments to ignore ... We’ve been asking for this for a long time.”
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