📰 After FTX imploded, the UK Treasury is finalizing plans for crypto regulation. The Financial Times reports that the rules will limit foreign companies' ability to sell into the UK, provide provisions for dealing with company collapses, and restrict advertising.

Earlier this year, now Prime Minister Rishi Sunak, who was chancellor at the time, said it was his ambition to make the UK a global hub for crypto asset technology.

On Wall Street, Goldman Sachs is looking to spend tens of millions of dollars to buy or invest in crypto companies. The head of the banking giant's digital assets telling Reuters the FTX's implosion has heightened the need for more trustworthy, regulated players in the space. And big banks see an opportunity to pick up business.

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☝️ Open-source technology is a lot more than a collaborative project that sustains blockchain technology.

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