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Bitcoin Global News (BGN)

April 25, 2018 -- ADVFN Crypto NewsWire -- Over the past month, leaders government, financial institutions and major corporations have voiced a softer opinion on Bitcoin and cryptocurrencies. The consensus seems to be that they are useful, they are here to stay, but that ICOs need major regulation to avoid fraud and protect the consumer.

“Nasdaq would consider becoming a crypto exchange over time”

CEO of Nasdaq Adena Friedman acknowledged the potential of cryptocurrencies on their exchange in the future in a recent interview. She cited that they will persist, but it will be a function of time for the space to mature for that transition to happen. In order for this type of exchange to work with cryptocurrencies, the regulations that underpin their legality need to be hammered down.

This is especially true for ICOs, where the lines become very blurred of asset vs. token vs. security and the implication of KYC laws. But Adena Friedman is in favor of a sweeping categorization -  "the SEC is right that those are securities and need to be regulated as such."
 

Partnership with Gemini

Adena Friedman noted their recent partnership with Gemini. Gemini is a cryptocurrency exchange founded by the Winklevoss twins. They will use the technology for user surveillance developed by Nasdaq to help make that transition to maturity and wealth security happen faster.
 

Adena Friedman

On January 1, 2017 Adena Friedman became the first female to lead a global exchange company. She has spent most of her professional career with the company – working as a VP in Corporate Strategy and Data Products for nine after finishing her MBA, then becoming CFO of Nasdaq from 2009 – 2011. She took the CFO position with Carlyle Group from 2011 – 2014 (a company that specializes diverse investment options including alternatives such as renewable energy), but returned to Nasdaq as President and COO for two years before becoming President and CEO.

By: BGN Editorial Staff