News

Nasdaq Held A Meeting To Aid In Legitimizing Cryptocurrencies

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.

Related posts
cryptocurrencyDOGEdogecoinDOGEUSDElon MuskNewstesla

Dogecoin Blows Hot As ‘Dogefather’ Elon Musk Considers Making DOGE A Payment Option At Tesla

Dogecoin was expected to race to the moon after Elon Musk’s SNL performance, but the asset took the bearish route and dipped until nearly 40% of its value was lost. The crypto went from a high of $0.73 to a…
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTMarketsNewsxbtusd

The Bitcoin Bull Run Is Far From Over – Here’s What’s Following

Bitcoin entered the month of May above $50,000 but has been range-bound below the $60,000 price mark since the 18th of April. Bitcoin hit a daily high of $59,464 on Sunday, this is the highest price the leading cryptocurrency has…
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTETFNewsxbtusd

Bitcoin May Never Go Below $50k Once An ETF Is Approved, Declares On-Chain Analyst

Bitcoin may never drop below $50k asserts on-chain analyst Ki-Young Ju. But as usual, there are conditions that follow this possibility. In a tweet, Ju analyzed that Bitcoin could follow the same path that gold took in 2004 when the first…