Crypto needs a lender of last resort and more regulation, as crypto winter intensifies - Ben Samaroo
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FTX's FTX has bailed out crypto lender BlockFi with a $680 million deal. Ben Samaroo, CEO and Co-Founder of WonderFi, said we need better crypto regulation and lender of last resort facilities. Samaroo suggested that regulators are being cautious and risk-averse due to bearish trends in the crypto industry. He said regulators will now be looking at "how platforms are offering interest to their customers on deposits, and what's happening behind the scenes" in terms of leverage and controls on lending, he said. To find out how long Samaroo believes the Crypto Winter will last, watch the above video below the video above the bottom of the page. For more information, visit www.KitcoNewsNOW. Source