Bitcoin wouldn’t meet the criteria for SDX’s platform, claims SIX’s Securities and Exchanges Head

2019-5-7 22:30

Lately, the digital asset space has witnessed a rising number of institutional giants leveraging cryptocurrencies or its underlying blockchain technology for its operations. One such institutional giant is SIX, Switzerland’s stock exchange, which, in an attempt to digitize traditional assets, announced its plan to issue a native token on its platform.

According to Thomas Zeeb, Head of Securities and Exchanges, the new tokens and an initial digital offering [IDO] service will go live in early 2020. With its latest move, the exchange platform seeks to tokenize existing securities like equities, fixed income, and funds. Zeeb also speculated that the token might eventually replace the share one day.

The SIX Digital Exchange or SDX, however, will not trade existing cryptocurrencies. The reason behind not trading digital assets is the relative anonymity of the coin’s origin, which the SIX official described as being a “fatal flaw.” He added,

“We have responsibilities in terms of ensuring that appropriate anti-money laundering and transaction monitoring processes, as is the case today in the traditional world, are in place. The way bitcoin is currently set up and traded, it wouldn’t meet the criteria for SDX.”

Zeeb also revealed that if the current cryptocurrency space could be “legitimized” using know-your-customer and know-your-coin methods, Swiss-based SDX might consider collaborating with cryptocurrency exchanges in the future by creating “necessary connectivity”.

The exchange platform had announced its plans to test blockchain integration in February 2019.

The post Bitcoin wouldn’t meet the criteria for SDX’s platform, claims SIX’s Securities and Exchanges Head appeared first on AMBCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Six Domain Chain (SDA) на Currencies.ru

$ 0.001316 (+4.00%)
Объем 24H $2.656k
Изменеия 24h: 11.03 %, 7d: -34.40 %
Cегодня L: $0.001316 - H: $0.001316
Капитализация $138.849k Rank 99999
Цена в час новости $ 0.0115878 (-88.64%)

six platform head sdx bitcoin wouldn meet

six platform → Результатов: 121


Alt Thirty Six Raises $10 M For Dash- Powered Cannabis Industry

Digital payments and compliance platform Alt Thirty Six is dedicated to banking the rapidly growing $10 billion legal cannabis industry, and replacing their cash with cryptocurrency. According to a recent press release, the startup, which plans to leverage Dash to help the largely-unbanked Cannabis industry, has just secured $10 million in a Series A investment […] The post Alt Thirty Six Raises $10 M For Dash- Powered Cannabis Industry appeared first on Crypto Briefing.

2019-4-26 18:04


eToro Gets Fully Into Crypto With Crypto Exchange For Professional Traders, eToroX – BTC, ETH, XRP, BCH, LTC, And Dash Trading Available

Social trading platform eToro has launched its full cryptocurrency exchange platform, eToroX, and it features six major cryptocurrencies and… The post eToro Gets Fully Into Crypto With Crypto Exchange For Professional Traders, eToroX – BTC, ETH, XRP, BCH, LTC, And Dash Trading Available appeared first on Invest In Blockchain.

2019-4-17 12:20


Фото:

Bitfinex Scraps Its $10,000 Minimum Balance Rule

Bitfinex is now open to every trader as the Hong Kong-based cryptocurrency exchange has removed its $10,000 minimum balance rule. Citing a rising demand from retail traders who couldn't trade on the platform due to the requirement, Bitfinex CEO Jean-Louis van der Velde said the platform is now ready for a “new wave of customer accounts,” according to a company Medium post.

2019-4-11 21:50


Фото:

As Court Reconvenes for QuadrigaCX, Questions Surround Empty Cold Wallets

As QuadrigaCX’s legal counsel descends on the courtroom in Halifax, Nova Scotia, for another round of legal proceedings, the court monitor’s third report on QuadrigaCX’s finances — specifically its revelation that the exchange’s cold wallets are empty — lays out some hopeful avenues for fund recovery — and some frustrating dead ends.

2019-3-5 20:20