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FTX and Binance: how latest crypto scandals could influence public opinion on digital currency regulation

By Pepper Culpepper, Blavatnik Professor of Government and Public Policy, University of Oxford

True believers in cryptocurrency have had a rough few weeks. The US government just fined Binance – the world’s largest crypto exchange – US$4.3 billion (£3.4 billion) for its involvement in money laundering.

It forced the firm to accept intrusive monitoring and demanded that its secretive boss, Changpeng Zhao, step down and pay a personal…

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