ASX sounds crypto exchange custody warning, calls for better regulations
The Australia Securities Exchange says crypto investors in the country need to be mindful of the dangers of holding their cryptocurrencies on exchange platforms. The Australia Securities Exchange (ASX) has weighed in on the issue of crypto custody amid the ongoing discussions within the country’s Senate Select Committee on Financial Regulatory Technology.In a submission to the committee on July 16, ASX highlighted crypto custody on centralized exchanges as a significant risk factor for investors.The ASX submission outlined the implications of crypto exchange custody arguing that investors....
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Nasdaq said that the retail side of the crypto market is quite saturated at the moment with many service providers looking to fulfill retail investors’ needs. Nasdaq, the United States stock exchange, has no immediate plans of launching a crypto exchange until there’s better regulatory clarity from policymakers, said Tal Cohen, the company’s executive vice president.In an interview with Bloomberg, Cohen said that the retail side of the crypto market is fairly saturated and there are enough crypto exchanges catering to the needs of retail investors. He added that his firm would continue its....
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Yet another international central bank is putting the spotlight on bitcoin by sounding the warning alarm to those who may be inclined to buy, invest in it, or use as, well, a currency. This time around it's Banca d'Italia, Italy's Central Bank. In a recently-released statement, the central bank cautioned that bitcoin (and presumably other digital currency) are not financially stable, are not legal tender, and offers no protection to those who use it and lose it. The Central Bank also noted that bitcoin has the potential to be used for illicit activities, which of course applies to cash,....