was to go another way to new york? absolutely. there is still a lot of uncertainty but a lot of crypto currencies are crip tour companies are taking this as a big win. crypto. as securities they need to be registered. unlike normal commodities, though are subject to a lot of regulations but it does not to be registered in the same way. so what the us regulators were saying in the courts was, look, they have done all of this business, dealing with $1.3 billion in these unregistered securities are now the judges said, no, they are not considered unregulated securities. that is not only a big win for raffle but other crypto currencies elsewhere. there are lots of crip to currencies engaged in this battle. simeon, that is my whiny do not go voice. i only found out this today, this is your last business broadcast. you are going off to india to be a news correspondent. i am indeed. iwill india to be a news correspondent. i am indeed. i will be the next south asia correspondent f
Welcome to world business report, i m aaron heslehurst. give me an update on everything manet. everything to do with money. let s start with the roller coaster world of crypto currencies. because us financial regulators have suffered a setback in their efforts to restrict the sale of crypto currencies. a federaljudge has found that the company ripple labs did not break securities law by selling its xrp digital token to members of the public. the case hinged on whether crypto tokens should be treated as securities or not. after the ruling, a number of crypto currencies saw some large rises. our samira hussain, new york. lovely to see you. the crip toll world for now may be rejoicing over the. you wonder what anotherjudge rules and appeal or if another state
Cricket in india. hello and welcome to audiences in the uk and around the world. i m sally bundock. we start with the roller coaster world that is cryptocurrencies. an industry that has been rocked by the collapse of what was the second biggest cryptocurrency exchange ftx. they filed for us bankruptcy last week owing over $2 3 billion dollars to their largest creditors and leaving thousands of users waiting to get their money back. but, as things stand, most people may not see a cent due to the lack of regulations. in a market that has seen the value of bitcoin, the world s largest digital currency, fall by almost 70% in the last year. and this all may now be a tipping point for the sector, with central banks like the bank of england warning of the need for strict rules as cryptocurrencies links to mainstream finance grows. joining me now is ed price