“Recent failures in the crypto market have emphasized the importance of having a clear, consistent contractual framework that spells out the rights and obligations of both parties following a default,” ISDA CEO Scott O’Malia said in a statement, adding that new definitions would help in bankruptcy cases.

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• Source: https://www.coindesk.com/policy/2023/01/26/derivatives-body-isda-hopes-new-digital-asset-norms-will-avoid-ftx-style-losses/?utm_medium=referral&utm_source=rss&utm_campaign=headlines