Crypto news: We bring you a round up of what’s been happening in crypto this week. And, spoiler alert, FTX features prominently again.
O’Leary Jumps the Shark
FTX continues to spread its acrid pall, so you’d think once bitten, twice shy. Not for Shark Tank’s Kevin O’Leary. Firstly, he dropped the bombshell that he was happy to keep his crypto on exchanges. And secondly, he said he would still back former CEO Sam Bankman-Fried if he had to. A brave man indeed.
Although admittedly, that statement did come with a significant caveat – he wouldn’t give him operational control of any assets, just the trading control. In another surprise, he revealed Canada as his preferred exchange destination because the country offers “the most advanced regulatory environment.”
Maybe, but it was only nine months ago that the country enacted emergency powers to regulate cryptocurrency platforms. A move that was condemned by critics…
