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How the collapse of FTX led to crypto regulation | The Business | ABC News 1 год назад


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How the collapse of FTX led to crypto regulation | The Business | ABC News

Cryptocurrency exchanges are facing a regulatory shake-up as the federal government tries to reduce scams and protect investors. Under the proposals, they'll need to get an Australian Financial Services Licence and comply with other obligations under existing laws. It comes after about 30,000 Australians were left with losses after the collapse of FTX. FTX founder Sam Bankman-Fried is accused of wire fraud, conspiracy to commit fraud and money laundering over the alleged theft of customer funds. Those funds were allegedly transferred to a sister company called Alameda Research, which was run by his former girlfriend Caroline Ellison, who is testifying against him in New York. Subscribe: http://ab.co/1svxLVE ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: https://ab.co/2kxYCZY Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2 Like ABC News on Facebook:   / abcnews.au   Follow ABC News on Instagram:   / abcnews_au   Follow ABC News on Twitter:   / abcnews   Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia

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