Crypto contagion isn't over and the lack of transparency means the industry is an 'insider's game,' EY strategist says

Dec 20 2022 by Business Insider

 
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FTX's collapse shows that crypto contagion isn't over and the industry has transparency issues, according to EY strategist Paul Brody. Brody noted that transparency claims made by crypto firms were often "difficult to test," which makes the industry an "insider's game." Policymakers have urged the SEC to tighten regulation on crypto firms, criticizing the current hands-off approach.

FTX's collapse shows that crypto contagion isn't over, and...

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