UK watchdog says applying lessons from FTX crypto collapse will be ‘pacy’

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By Huw Jones LONDON (Reuters) – Lessons will be applied swiftly from the collapse of crypto exchange FTX that left 80,000 UK investors nursing losses even though the platform was not registered in Britain, the UK Financial Conduct Authority said on Wednesday. Matthew Long, the FCA’s first director in the newly created digital assets unit, said FTX combined issuance of tokens, trading, wholesale market activity and safeguarding of funds in one place. “In our view, extremely dangerous because you can have interaction between each of those things, which in other regulated areas would be separate …