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

The traditional-finance standard setter has given new digital-asset definitions as the sector is plagued by a wave of bankruptcies

New guidance from the traditional-finance sector aims to add legal certainty to bankruptcy cases in the crypto industry. (RUNSTUDIO/Getty Images)
New guidance from the traditional-finance sector aims to add legal certainty to bankruptcy cases in the crypto industry. (RUNSTUDIO/Getty Images)