FTX Follows Binance and Ripple With Key Principles for Market Regulation
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Cryptocurrency exchange FTX is trying to keep up with other cryptocurrency-related companies on the regulatory landscape as the exchange has rolled out its own version of key principles for market regulation. The exchange claims the set of principles will allow policymakers to "effectively regulate the digital asset ecosystem while maximizing the potential growth and innovation."

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The Bahamas-based cryptocurrency exchange says policymakers should leverage existing policy goals that apply to traditional capital and derivatives markets. Particularly, the exchange includes customer and investor protection in these goals.

As a refresher, the US Securities and Exchange Commission (SEC) keeps firing warning shots against the decentralized finance (DeFi) market claiming the area fails to comply with the law which makes it almost impossible to establish safeguards for investors. FTX also suggests establishing "more definitional refinements" as some digital assets might be considered as securities.

Ripple Presents Its Approach to Cryptocurrency Regulation

In October this year, FTX faced criticism as the exchange overcharged one of its customers in fees after changing its terms and conditions. In the summer, FTX reduced maximum leverage on offer to traders from 101x to 25x. FTX's Chief Executive, Sam Bankman-Fried, tweeted the decision was made to "encourage responsible trading."

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