The rise and fall of FTX

Major concern: FTX’s crash has created a sense of urgency to regulate crypto. — Reuters

THE Securities Commission (SC) recently welcomed more participants into the digital asset space by opening registrations for the new Recognised Market Operators-Digital Asset Exchange or RMO-DAX.

“Allowing more and greater variety of players to enter the market increases capital market vibrancy by widening the number and types of exchange platforms available for investors to invest in, and that is also safe and secure,” it said in a statement dated Oct 31.