Responding to media inquiries, the body mandated to regulate and oversee the securities and futures sectors in China intimated that the collapse of FTX highlighted the inherent risks associated with using poorly regulated crypto exchanges. According to the CSRC, the incident was also a reminder to authorities of the need to strengthen existing regulatory frameworks to better protect retail investors in the crypto industry.

Source and More information: China’s regulator sees FTX’s bankruptcy as a reason for tighter regulation

Author: BTCManager.com