Stonewalled by FINRA, Up to 40 Crypto Securities Wait in Limbo for Launch

2019-6-18 16:00

Wall Street watchdog FINRA has sat for as long as 12 months on roughly 40 broker-dealer applications by blockchain startups.

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finra months long sat broker-dealer blockchain startups

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Up To 40 Broker-Dealer Applications Wait For Approval From FINRA

With some broker-dealer applications stuck in regulatory limbo for up to 14 months, firms ready to launch their regulated blockchain products in the US have been forced to wait while the Financial Industry Regulatory Authority and the Securities and Exchange Commission deal with the "complex issues" present in the regulation of digital assets.

2019-6-17 18:56