Opinion
Labor has dropped the ball on regulation that would turn Australia into a global hub for new financial technologies while protecting the interests of consumers and the financial system.
The collapse of FTX is certainly a shock to the market, but it is not the end of cryptocurrency. It is important to be clear about this event.
In short, a Bahamas-registered crypto exchange has collapsed, and allegations about unethical internal trading and transfers of customer funds have been made.
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Original URL: https://www.afr.com/markets/currencies/crypto-exchanges-have-no-future-in-a-libertarian-nirvana-20221115-p5bygj