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    QONEQT in News

    14-Nov-2022 06:55 AM


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    FTX collapse: 'Exchanges should mandatorily declare proof-of-reserves,' says expert

    The crypto world is undergoing a crisis around FTX liquidity.
    A simple but effective way for exchanges to build trust amongst their users is for exchanges to declare 'proof of reserves' publicly.
    Customers, investors and traders will be able to take informed decisions about the platforms they use when exchanges start publishing their assets and liabilities.
    It is an ideal point for regulators to mandate proof of reserves from exchanges as part of their compliance or filings,” says Vikram Subburaj CEO of Giottus Cryptocurrency Exchange.
    Source: BusinessToday
    #FTX