US GAAP
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Replying to @SBF_FTX
US GAAP, IFRS or local GAAP?
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Will this set off a domino effect for centralized crypto exchanges?
FTX continues to lead the pack
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Compliance and transparency is a big step up for an exchange in general. This should be the norm for all exchanges frankly…good job
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Definitely this 👆US GAAP still dominate for capital markets lenders, etc. The standards have converged between IFRS and US GAAP over the years but still some major differences.
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