Klarna CEO worries FTX failure will lead to regulatory overreach

11/15 05:33

According to Bloomberg, Klarna’s chief executive officer is worried that the collapse of FTX.com may encourage finance sector regulation that will make it harder for fintech firms to compete against traditional lenders. Describing the blowup as “fairly scary,” Sebastian Siemiatkowski, who has previously criticized the crypto industry, said he’s more worried “the traditional bank industry will take this opportunity to again regulate this industry to the disadvantage of consumers.”

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