Bloomberg Law
Nov. 15, 2022, 2:28 PM

EU Monitors FTX Collapse With Major Crypto Law in Final Stages

Lyubov Pronina
Lyubov Pronina
Bloomberg News

The European Union is monitoring the collapse of crypto exchange FTX Group as the bloc tries to cross the finish line on adopting a broader set of regulations for digital assets.

The bloc is examining whether the crisis has any consequences for the single market, according to an EU official, who spoke on the condition of anonymity.

The FTX unraveling, which led to its bankruptcy filing and lopped about $200 billion off crypto market value in the last week, is occurring as the EU is about to implement new legislation on supervision of cryptoasset service providers. The measure will also ...