Cryptocurrency: Is more regulation needed after FTX collapse extends ‘crypto winter’?
Calls for stronger regulations of cryptocurrency are growing in New Zealand and overseas following the crash of the world’s second-largest crypto exchange, currency FTX. The firm reportedly has debts of over US$3 billion to its top 50 creditors and bankruptcy courts in the United States have heard the so-called ‘ King of Crypto ‘ ran the exchange like a personal fiefdom.