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Celsius Network claimed to be a safe place to trade digital currencies and assets. In reality, it was using customers’ money for its own ends. A Behind the Numbers episode examines the Celsius collapse and the scandal that followed. It highlights the lasting impact on crypto-asset regulation, with a particular emphasis on custody.
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Since that scandal, international regulators including the Financial Conduct Authority have been looking at custody rules and wider regulation around digital assets. The discussions signal a shift toward stronger oversight and clearer standards for custody and compliance.
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