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By Benoit CHAMBON, Koinju | CLO co-founder
The recent setbacks of the FTX platform due to the very dubious management of funds by its former CEO and co-founder Samuel Bankman-Fried have led - and this was to be expected - to a real collective awareness of the need for regulations imposing on crypto assets service providers (CASPs) to apply a better (if not a real) risk management. Faced with these “new forms of old risks”, as they were recalled at the Basel Committee on Banking Supervision last December(1), the implementation of rules aimed at preventing financial instability that can be caused by actors in a weakly regulated sector was therefore promptly felt.
Some have even regretted that the financial regulation applied to...
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