Derivatives Body ISDA Hopes New Digital Asset Norms Will Avoid FTX-Style Losses

HomeCrypto News

Derivatives Body ISDA Hopes New Digital Asset Norms Will Avoid FTX-Style Losses

“Recent failures in the crypto market have emphasized the importance of having a clear, consistent contractual framework that spells out the rights and obligations of both parties following a default,” said Scott O’Malia, ISDA’s chief executive, in a statement, adding that new definitions would aid legal certainty. www.coindesk.com

“Recent failures in the crypto market have emphasized the importance of having a clear, consistent contractual framework that spells out the rights and obligations of both parties following a default,” said Scott O’Malia, ISDA’s chief executive, in a statement, adding that new definitions would aid legal certainty.

www.coindesk.com