klarnaCEO Sebastian Siemiatkowski, FTXHe thinks that the fintech industry will lag behind with the regulations that the collapse will bring.
Cryptocurrency exchange of FTX With the collapse, all the balances in the sector were shaken. As the popular stock market crashed, investment companies took a loss. This earthquake in the crypto market especially affected investors. Investors began to think that the crypto bear market would not end. All these processes highlighted the need for regulations to come quickly. Especially SEC and U.S. Department of the Treasuryfocused on regulating cryptos. klarnaCEO Sebastian Siemiatkowskihowever, he was troubled by this situation.
Klarna CEO Comments on Fintech
CEO of Klarna Sebastian Siemiatkowski, is worried that the recent FTX crash will bring financial adjustments with it.
siemiatkowski evaluated the recent events as a rather frightening situation. Also, with the arrival of regulations, Siemiatkowski Fintech He stated that the industry could not compete. According to the CEO, regulations will bring traditional banking and financial products to the fore.
Speaking to Bloomberg CEOSiemiatkowski;
“We need more competition in the banking sector. We need good consumer protection laws, but that doesn’t stifle competition.”
Moreover CEOAs the economic turmoil hits consumer confidence, consumers are increasingly buying cheaper goods.
