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JP Morgan Believes Regulation Will Lead to Convergence of Crypto, TradFi

Wallstreet banking giant JP Morgan & Chase believes there are significant changes coming to the crypto industry in 2023 in the form of regulation, which will likely cause a convergence between crypto and the traditional financial industry, according to its latest Global Markets Strategy report.

JP Morgan reflected upon the FTX and Alameda Research debacle in the document and the “cascade of crypto entity collapses” — questioning how the crypto ecosystem is set to change, and the main changes the firm envisions for the time ahead.

(By Josh O'Sullivan)

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