Shadows

Coin

<ul class="news-points"> 
 <li>Digital-asset market grows to trillion-dollar value, intensifying Wall Street’s custody service competition.</li> 
 <li>Nasdaq suspends crypto-asset custodian launch, citing regulatory uncertainty.</li> 
 <li>Societe Generale obtains a license, while Schroders seeks a crypto custodian.</li> 
</ul> 
While the <a href="https://coinedition.com/tag/digital-asset/" rel="noopener noreferrer nofollow">digital-asset market</a> grows to a value over trillion-dollar, <a href="https://www.bloomberg.com/news/articles/2023-07-24/nasdaq-crypto-custody-halt-shows-challenges-for-digital-asset-market#xj4y7vzkg" target="_blank" rel="noopener noreferrer nofollow">Bloomberg</a> reported this afternoon that the competition among Wall Street players vying for custody services is intensifying at a rapid pace. However, a once “sleepy area of finance,” has now apparently transformed into one of the most vibrant sectors. It is currently brimming with activity, meticulously documenting both the positives and the negatives of the sector. 
Last week, Nasdaq Inc. made the decision to suspend its crypto-asset custodian launch plans due to a perceived lack of viable business prospects and uncertainty surrounding the regulatory environment. Nasdaq CEO Adena Friedman <a href="https://www.cnbc.com/2023/07/19/nasdaq-pauses-plans-to-launch-crypto-custody-services-.html" target="_blank" rel="noopener noreferrer nofollow">noted</a> on Wednesday, 
<blockquote class="wp-block-quote"> 
 Considering the shifting business and regulatory environment in the U.S., we’ve made the decision to halt our launch of the U.S. digital assets custodian business and our related efforts to pursue a relevant license. 
</blockquote> 
Accor… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/regulatory-uncertainty-casts-shadows-on-wall-streets-crypto-journey/">Regulatory Uncertainty Casts Shadows on Wall Street’s Crypto Journey</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Regulatory Uncertainty Casts Shadows on Wall Street’s Crypto Journey

Coin Edition

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