The FTX exchange has offered its vision for regulating the crypto market
The published document contains 10 key principles and ideas
06.12.2021 - 07:15
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1 min
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What’s new? The popular FTX cryptocurrency exchange has published an article on its blog dedicated to 10 key principles and ideas for regulating the cryptocurrency market.
Link to the material on the FTX blog
Who is the article aimed at? In the foreword, the exchange representatives report that these principles should “guide policy makers and regulators as they build the regulatory framework for the crypto market.”
What are the offers in the document? Among the most important FTX offers are the formation of a single legal regime for the spot and derivative products, the provision of better information by the custodial services, and the regulation of stablecoins’ issuance.
Much of the material focuses on the users’ protection and the important requirements such as the customers’ identification and compliance with anti-money laundering and counter-terrorist financing legislation.
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