The restrictions target telecom giants Huawei and ZTE, along with several other firms Washington has banned the import and sales of new telecommunications equipment from China’s largest manufacturers due to “an unacceptable risk” they allegedly pose to US national security.

The FTX platform’s bankruptcy has underscored the need for stricter oversight, according to IOSCO The crash of the FTX exchange has made regulating the cryptocurrency industry a more urgent matter, according to the new chair of the global securities watchdog IOSCO.

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