Cryptocurrency Regulation
● Active
Concept
Regulation
Cryptocurrency regulation encompasses the growing body of laws, rules, and enforcement actions governing digital assets. Approaches vary enormously — El Salvador made Bitcoin legal tender while China banned all crypto. The EU passed comprehensive MiCA legislation in 2023.
FTX Collapse
✕ Dead
Concept
Exchange Failure
FTX was once the world's second-largest cryptocurrency exchange. In November 2022, a report revealed FTX's balance sheet was dominated by its own FTT token. A bank run ensued, revealing an $8 billion hole — customer funds had been secretly lent to SBF's trading firm Alameda Research.