A report was published by global investment bank JP Morgan keeping in mind the changes taking place regarding the crypto currency exchange through which it was said that not only FTX but also the collapse of Alameda Research has dealt a major blow to the crypto entity. has become a means of withdrawal and it is highly likely to increase regulatory pressure on crypto entities and investors which it says the crypto industry is bracing for the latest regulation. Through their balance sheet, we can understand this very well and accept the fact that how many more changes are waiting to be seen in the crypto industry. ,
Panigirtzoglou listed key points expected by JPMorgan after the FTX meltdown, which he wrote is likely to bring to the fore regulatory initiatives already in place. JPMorgan’s political work expects the EU Assets Bill to go up for approval at the end of the year and they will receive final approval and regulation will come into effect at some point in 2024. Where as for the US he explained that regulatory firsts have attracted more attention after the Terra collapse and he anticipates that there will be more urgency in owning or post-existing conditions.
Given that many retail crypto investors already hold crypto currency in custody using their hardware wallets and the main beneficiary is crypto custodians who invest in crypto and over time these trusted custodians may dominate relatively smaller custodians. Let’s go
The report further says that like in the traditional financial system, there are possibilities of a regulator taking care of brokering, trading, landing, clearing and different services.
Where the biggest gains will be for exchanges that participate in security and market manipulation and issue raising activities, as well as new regulations likely to emerge that require crypto entities to regularly store assets and liabilities. Does
Another major change identified by the investment bank is that regulated venues will see major changes with CME emerging as the winner. Decentralized exchanges (DEX) also remain a topic of discussion and face many hurdles until decentralized exchange becomes mainstream where large institutions are usually exposed to slow transactions and other problems.
Overall, the global bank discusses a variety of regulatory aspects and envisages that the work will be done on the basis of customer asset protection and transparency and the same will be given first priority and keeping the same in mind, provide better services to the customer. The main objective is to do this and with it to benefit the customer through a myriad of means by supporting a secure layer and protocol and will provide customers with a strong rating and experience where JP Morgan Bank clearly shows the kind of change it expects to see in the crypto industry and what it envisages from the regulator.
