THELOGICALINDIAN - Nasdaq says it can advance the action adjoin bazaar abetment and artifice that has been afflictive the cryptocurrency bazaar In actuality a few barter platforms are already adopting the barter operators bazaar surveillance technology
Helping to Combat Cryptocurrency Fraud
According to Bloomberg, the U.S. banal barter behemoth believes it can break some of crypto’s issues – artifice and bazaar manipulation. In a address appear on November 1st, Nasdaq acclaimed that it had a abundance of acquaintance in ambidextrous with the intricacies of the assets trading market.
A area of the Nasdaq address reads:
Many basic bill critics are quick to point to the abridgement of able-bodied regulations in the industry as an allurement for all sorts of actionable trading practices. In the U.S., the Justice Department in affiliation with the CFTC began investigating allegations of amount abetment in the Bitcoin [coin_price] trading arena.
Exchanges Already Using It
According to Nasdaq, some cogent players in the cryptocurrency trading amplitude are already application its bazaar surveillance technology.
In mid-2018, Bitcoinist reported that Gemini, SBI Virtual Currencies, and three added platforms were already application Nasdaq’s SMARTS technology. With added developments in the cryptocurrency trading space, the aggregation appears to be in aerial demand.
Speaking to Bloomberg, the arch of barter and authoritative surveillance at the barter operator, Tony Sio, said:
Nasdaq is Embracing Crypto
For Nasdaq, back the alpha of 2018, it has been a case of affective from acting to added accurate captivation in the arising basic bill industry. CEO, Adena Friedman, has on abounding occasions bidding bullish sentiments about the prospects of cryptocurrencies while bombastic the charge for added able-bodied regulations.
Reports announce that the aggregation wants to accessible a cryptocurrency barter platform. However, such affairs blow on the actualization of a able authoritative framework for the industry.
Can Nasdaq’s bazaar surveillance tech anticipate artifice and manipulation? Let us apperceive below!
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