Published on October 13th, 2017 | by bitcoin0
NASDAQ – No Intention to work with ICOs
The CEO of global stock exchange operator Nasdaq said this week that her firm is steering clear of initial coin offerings (ICOs).
Through ICOs, blockchain-based tokens are sold via public sales in order to bootstrap the development of new networks.
But the use case has attracted criticism for the prevalence of fraud, drawing the attention of regulators worldwide.
It’s for that reason, Friedman said, that Nasdaq is staying away.
Her remarks also come after the top US regulator for financial markets moved to strike a critical stance toward ICOs.