Nasdaq Cautious About Crypto-Currencies

The Nasdaq is warming to cryptocurrency trading, but only if it’s regulated. CEO Adena Friedman noted in a talk at the MIT Sloan School of Management that CC’s are securities and buyers deserve protection.

Bank of America’s CEO Brian Moynihan linked the anonymous nature of the digital currency to illegal activities, noting that high dollar paper money has been phased out just to prevent that sort of transaction. Digital currencies work the same way.

Other skeptics include the incoming CEO of HSBC Bank, John Flint.

https://www.bloomberg.com/news/articles/2018-04-27/crypto-coin-offerings-need-regulatory-oversight-nasdaq-ceo-says

About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in accredited investor, Banks, CFTC, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, fraud, Investments, Jobs, Legislative Intent, review, SEC, technology, VC, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , . Bookmark the permalink.

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