Crypto exchange FTX calls on regulators to ditch ‘securities’ mindset, devise a separate, single rule book for digital currencies

FTX, the cryptocurrency exchange backed by investors including Sequoia, BlackRock, and Temasek, is calling on regulators to come up with a single rule book to oversee virtual assets.Splitting oversight across multiple watchdogs based on whether a product is a “security” or not will not protect investors, the unicorn’s chief executive warned.Sam Bankman-Fried, who co-founded the three-year old exchange in Hong Kong but moved to the Bahamas last year, said regulators should instead focus on…


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