Crypto Exchange Operator Diginex to List on Nasdaq in September

Crypto start-up Diginex has actually introduced a cryptocurrency exchange ahead of its Nasdaq listing which has actually currently been authorized by the U.S. Securities and Exchange Commission (SEC). The brand-new exchange is based in Singapore where Diginex has actually requested a license.

Diginex Set to List on Nasdaq

A cryptocurrency exchange operator, Diginex, is set to list on the Nasdaq exchange in September, Diginex CEO Richard Byworth verified to Reuters on Wednesday. The listing is anticipated to be made through a $300 million reverse merger with the acquisition of 8i Enterprises Acquisition Corp., a Nasdaq-noted business. Citing Byworth, the publication communicated:

The offer has actually currently gotten SEC approval … the reliable listing date ought to be in mid- to late September.

Diginex stated on Thursday that it has actually introduced a cryptocurrency exchange in Singapore where it has actually requested a license, although much of its service is in Hong Kong. The brand-new platform, Equos.io, deals cryptocurrency area trading and complex derivatives items.

Singapore has actually just recently tightened its oversight of the crypto market. The nation’s brand-new payments guidelines need cryptocurrency business to be certified. Reuters detailed that over 150 cryptocurrency business that were formerly running in Singapore, consisting of Diginex, have actually had to obtain licenses by July 28. The stringent guideline objectives to adhere to the requirements set by the Financial Action Task Force (FATF). This week, Japanese crypto exchange Liquid delisted 29 cryptocurrencies in order to adhere to Singapore’s brand-new crypto requirements, as news.Bitscoins.web just recently reported.

Hong Kong has a choose-in licensing program for cryptocurrency exchanges however does not permit the trading of derivatives items. Its leading markets regulator stated cryptocurrency futures agreements might be unlawful, Byworth discussed, including that “Singapore was a bit more versatile in the manner in which they were considering things.”

What do you consider Diginex’s Nasdaq listing? Let us understand in the comments area below.

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