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Nasdaq Gives Green Light to Crypto Industry Following High-Profile Meeting

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Sat, 28/07/2018 - 13:38
Nasdaq Gives Green Light to Crypto Industry Following High-Profile Meeting
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Nasdaq, the second-biggest exchange by market cap, has recently held a public meeting behind the closed doors to have a crypto-related discussion. While all the details of this gathering remain unknown, some anonymous sources report that Nasdaq intends to give a major push for cryptocurrency legitimization.  

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Wall Street bets on crypto

SEC’s recent decision to deny Bitcoin ETF listing negatively affected BTC price making it drop below the $8,000 mark. However, the speculations over Nasdaq giving green light to crypto legitimization caused another bullish uptick.

The meeting was attended by many influential representatives of the crypto industry (including Winklevoss brothers) who discussed the future of digital assets with top Wall Street executives. They allegedly touched upon a variety of topics including the consequences of implementing crypto regulations and surveillance tools which would help to ensure investor safety.    

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Nasdaq gives high hopes

Despite the fact that Nasdaq’s representative refused to comment on the content of the conversation, it becomes increasingly obvious that they are ready to gradually embrace crypto. In June, an American stock exchange giant signed an agreement with a handful of cryptocurrency exchanges that would allow them to utilize its machine engine for trade arrangement. Moreover, Nasdaq’s CEO Adena Friedman has already expressed her bullish attitude towards cryptocurrencies on several occasions. She believes that the industry is moving in the right direction, but it is still unclear which particular cryptocurrency will break into the mainstream first.
 
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