Nasdaq Plots to Legitimize Cryptocurrency in Secret Meeting: Report

The cryptocurrency markets took a hit today after the U.S. Securities and Exchange Commission (SEC) ramifications of future cryptocurrency policies and exactly what industry firms can do to bolster the credibility of bitcoin and other cryptoassets.CCN. reported earlier this year that Nasdaq has inked contracts with a handful of cryptocurrency exchanges to enable them to utilize its market security technology to police their trading places, and the Wall Street company has likewise expressed openness to noting cryptocurrency items once the asset class is more mature.Nasdaq CEO Adena Friedman said recently that she thinks cryptocurrency is the" best next step in the area of currency,"though the"jury is still out"on whether bitcoin or another coin will be the one that accomplishes mass adoption."How it evolves and which of the cryptocurrencies may or may not be the one that ultimately gets accepted, I think that really the jury is still out on that,"she said." But I do think the idea of a more globalized payment mechanism that is more effective than what we have today permits for money to move across countries and certainly supports the Internet economy."Friedman has likewise said that the exchange operator is in the early stages of establishing a bitcoin futures item created to function as a long-term investment.Nevertheless, she is also a staunch of critic of preliminary coin offerings(ICOs ), which she says are" taking advantage"of retail financiers and are afflicted by a lack of transparency and regulative oversight.Featured Image from Shutterstock.Follow us on Telegram or sign up for our newsletter< a href=""rel=nofollow target=blank > here. - Join CCN's crypto neighborhood for $9.99 each month, click here. -

Want exclusive analysis and crypto insights

from Click on this link. - Open Positions at CCN: Full Time and Part-time Journalists Desired.