Nasdaq will help crypto-exchanges in the fight against fraud

[etiger]

According to Bloomberg, the operator of the largest us stock exchange Nasdaq plans to assist the crypto industry in reaching a new level. In a document published yesterday, the conglomerate emphasizes that the tools for traditional financial and securities markets, developed by the company for several decades, can be adapted to the cryptocurrency industry. Such tools will help in the fight against manipulation and fraud in the crypto market.

The report highlights:

"Teams organized by financial regulators, brokers and stock exchanges monitor the activity of markets, using advanced technologies to track the facts of illegal activities by unscrupulous industry participants. For example, insider trading, "pump-and-dump", money laundering, etc."

Nasdaq has developed an innovative technology to track unscrupulous market participants for a number of large "traditional" exchanges and at least one crypto – exchange-Gemini of the Winklevoss brothers.

"We are very often approached, but we refuse to most companies, because they are at an early stage of development and do not yet have the proper authority," Nasdaq stressed.

Note that Nasdaq is very supportive of cryptocurrencies in General. So, earlier it became known about the company's plans to launch a platform for trading security-tokens, as well as to develop a tool for forecasting cryptocurrency rates.


https://prometheus.ru/nasdaq-pomozhet-k ... ichestvom/