Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Bitcoin Gains; Nasdaq CEO Says Crypto Deserves a Chance

Published 2019-01-23, 01:08 a/m
Updated 2019-01-23, 01:22 a/m
© Reuters.

© Reuters.

Investing.com - Bitcoin and other major digital coin prices rose on Wednesday in Asia after Nasdaq CEO Adena Friedman said that cryptocurrency “deserves an opportunity to find a sustainable future in our economy.”

Bitcoin gained 1.34% to $3,581.3 by 1:06 AM ET (06:06 GMT).

Ethereum rose 1.63% to $118.47, XRP was up 0.45% to $ 0.31769, and Litecoin added 2.77% to $31.669.

In a post on LinkedIn (NYSE:LNKD) published on January 20, Friedman wrote that “crypto currencies could still be a global currency of the future.” She noted that Nasdaq believes digital tokens will have a place in the future, saying “the invention itself is a tremendous demonstration of genius and creativity.”

She also suggested that “governance and regulatory clarity” are needed for cryptocurrencies to evolve into a practical, useable invention with stable value.

In addition, Nasdaq is helping cryptocurrencies gain investors’ trust by offering its technology for trade matching, clearing and trade integrity to start-up exchanges, she said.

Meanwhile, Dutch financial regulators are planning to require crypto exchanges and wallet service providers to be licensed in order to prevent money laundering and terrorism financing.

Netherland’s central bank De Nederlandsche Bank and the Netherlands Authority for the Financial Markets said that fiat-to-crypto exchanges and custody solution providers must be licensed. The two bodies cited “high financial crime risks” of the digital tokens.

“These risks must be addressed effectively, which can be achieved as a result of the international coordination of countermeasures that AMLD5 [the Fifth European Anti-Money Laundering Directive] provides,” the two bodies said in a report.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.