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“Section of the reason FTX was ready to do what it did was as it operates inside the Bahamas, a little island nation with little regulatory oversight and skill to oversee financial services businesses,” Coinbase CEO Brian Armstrong explained within an op-ed Friday.

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However the company is also taking up initiatives with fintech industry click here for info assist, together with finally setting up open-banking regulations to guide knowledge-sharing involving financial establishments and tech providers.

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