Germany’s financial watchdog has issued a call for global regulation of the crypto industry in the aftermath of the FTX collapse. The hands-off approach was wrong, the head of the agency says, insisting it’s time to protect consumers as the sector expands links with traditional finance. Bafin President Convinced Self-Regulation Won’t Work for Crypto The man at the helm of the Federal Financial Supervisory Authority of Germany ( Bafin ) has urged for global regulation of the cryptocurrency space. This would ensure better protection for consumers, prevent money laundering and preserve financial stability, according to Mark Branson. A hands-off approach that would “just let the industry grow as a playground for grownups” was the wrong tactic, the executive told reporters in Frankfurt on Tuesday, shortly after U.S. authorities charged Sam Bankman-Fried, founder of failed crypto exchange FTX , with fraud and other crimes. A “crypto spring” may follow what has been a “crypto winter” bu
Official Bitcoin Latest News Blog 🗞️