Tuesday, February 25, 2020

Nasdaq Held A Meeting To Aid In Legitimizing Cryptocurrencies

BTCNN aim to be the key source for both digital currency experts and newbies. With the cryptocurrency industry growing so fast we want to educate our readers about all the latest developments as they happen.

Though cryptocurrencies are being regulated through the world, and are being adopted by more and more people every day, the cryptocurrency world is still a shady and dark issue for most people, that think that cryptocurrencies are just used for money laundering and terrorist funding all around the world.

But there are some powerful people interested in changing this perception. Nasdaq, the famous New York stock exchange held a private meeting yesterday with big players of the crypto and traditional exchange businesses to find solutions to the perception problem that some people have about cryptocurrencies, and to take action by promoting and studying which kind of regulation would be fit for this purpose, according to Fortune.

Nasdaq stance on cryptocurrencies, being one of the most influential and important stock markets could surprise some, but the truth is that their directors have been always open to cryptocurrency, providing they are well regulated by the government. The said meeting was hosted by Nasdaq and some very known people attended like the Winklevoss Twins, the owners of the crypto exchange Gemini, that has already signed a contract with Nasdaq to observe their exchange to detect market manipulation. The issues discussed were the possible regulations that could be imposed over cryptocurrency exchanges and startups, and how could this benefits massification.

Nasdaq’s CEO Adena Friedman has had a very open and welcoming attitude towards the whole cryptocurrency phenomenon, even declaring that they would be open to functioning as a cryptocurrency exchange once the market matures a little more and these crypto assets are safer to work with. So this all could mean that Nasdaq is seeing a great opportunity to fill a role in the future by being the first stock brokerage that will also function as a filly regulated cryptocurrency exchange, and that they hope to speed up regulations and find consensus with all the actors in the business.

Be it as it may, Nasdaq shows that they are interested in the massification of cryptocurrencies, and coming from a stock brokerage it says a lot of the future of these alternative currencies.

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