Entrepreneurs
Nasdaq Drops Plans for a Crypto Custody Provider, CEO Says
Nasdaq has announced that it has abandoned its plans for a cryptocurrency custody provider that had been scheduled to commence this quarter. CEO Adena Friedman disclosed the choice within the course of an earnings name, declaring that the infrastructure and regulatory approvals had no longer been successfully build in verbalize. In March, the agency sought approval from the Contemporary York Department of Financial Services for a puny-reason trust company to administer the provider. The cancellation of the method represents a setback for the institutional adoption of cryptocurrencies within the US, which has viewed raised regulatory scrutiny in most recent months.