Nasdaq Holds Closed Door Event to Discuss Legitimizing Crypto

DooKey

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Nasdaq officials met with half a dozen companies this week to discuss what it's going to take to legitimize crypto. The focus of the meeting was what the companies needed to do to improve the image of crypto and the need to validate it's possible role in the market. Also, Nasdaq is currently working with several companies to help them deal with regulation and what tools and surveillance are required to improve the image of crypto as a viable trading option. All in all this is a good first step for crypto and if anyone can help the exchanges clean house and gain respectability it's Nasdaq. Good news indeed if you are bullish on crypto.

“I do believe that over time we’re going to find that there is really utility” in cryptocurrencies, Friedman said at a Bloomberg event in June. Nasdaq disclosed this week that it’s supplying technology to five crypto exchanges, including Gemini and SBI Virtual Currencies. It hasn’t named the other three.
 
Will be an interesting road. IT's still heavily manipulated and making legitimized might actually hurt it.
 
NASDAQ, Blackrock, Goldman Sach... they are changing their tactic and all considering getting into crypto. They have figured out that it's not going anywhere and should capitalize on its low market cap. There are huge gains to be had.
 
Rich people hold closed meeting to discuss legitimizing money laundering scheme...
 
I bet crypto will tank bit time after this as that pretty much kills the biggest appeal of it...
 
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