Reflections on FTX: Building Trust in Crypto Alliances
The downfall of FTX sent shockwaves across the cryptocurrency landscape, starkly showcasing the repercussions of insufficient compliance and oversight. As players attempt to find their footing in this chaotic environment, it’s important to extract the lessons taught by this fallout. In this post, we’ll delve into key strategies to ensure compliance in crypto alliances, emphasizing transparency, governance, and due diligence. By adopting these measures, you can protect your operations from the missteps that led to FTX’s failure.
Transparency: The Bedrock of Crypto Banking
In any financial ecosystem, transparency is essential for building trust, and this holds true for the crypto sector as well. The FTX collapse glaringly illustrated…
