The Commonwealth Bank, Australia’s largest one, announced the temporary suspension of its crypto trading pilot. Read more! 👇
continues to take a toll, even among those not directly involved.
Comyn said the bank was "working with a number of regulators very closely, as you would imagine, about the appropriate treatment of this particular product." That is not up for discussion for the moment, as the LUNA collapse seemingly played a significant part in the bank's decision: Comyn was confident that "alongside that volatility and awareness, interest from regulators and people thinking about the best way to regulate" would eventually lead to a better outcome.
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