Crypto firms will need ‘sterile corridors’ on our watch, FCA warns

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By Charlie Conchie The UK’s financial watchdog said today it will ensure crypto firms have “sterile corridors” between the different products and services they offer, as it assesses the wreckage of collapsed exchange FTX and prepares to bring the sector into its remit. Speaking to MPs at a select committee hearing today, Financial Conduct Authority officials said the regulator had taken ”learnings” from the collapse of Sam Bankman-Fried’s empire and would ensure that crypto products and services do not cross-contaminate each other when it has powers to regulate the sector. The implosion of FTX…