Published on 16 Nov 2022 on Financial Post via Yahoo Finance
How regulation slowed FTX's growth, limiting the toll of its collapse in Canada
US-CRYPTOCURRENCY-MARKET-FTX-BANKRUPTCY
The fallout from collapsed crypto exchange FTX could have been worse in Canada, where regulatory intervention kept at least a partial lid on the venture capital-backed platform’s blistering expansion.
Now in bankruptcy proceedings and reportedly being probed by regulators in the United States and Bahamas over the handling of customer funds, FTX was in the midst of buying a Calgary-based crypto platform Bitvo Inc. when it revealed it was on the brink of collapse earlier this month.