Crypto startup Diginex has launched a cryptocurrency trade forward of its Nasdaq itemizing which has already been authorised by the U.S. Securities and Exchange Fee (SEC). The brand new trade relies in Singapore the place Diginex has utilized for a license.
Diginex Set to List on Nasdaq
A cryptocurrency trade operator, Diginex, is about to record on the Nasdaq trade in September, Diginex CEO Richard Byworth confirmed to Reuters on Wednesday. The itemizing is anticipated to be made by way of a $300 million reverse merger with the acquisition of 8i Enterprises Acquisition Corp., a Nasdaq-listed firm. Citing Byworth, the publication conveyed:
The deal has already obtained SEC approval … the efficient itemizing date needs to be in mid- to late September.
Diginex mentioned on Thursday that it has launched a cryptocurrency trade in Singapore the place it has utilized for a license, though a lot of its enterprise is in Hong Kong. The brand new platform, Equos.io, affords cryptocurrency spot buying and selling and sophisticated derivatives merchandise.
Singapore has just lately tightened its oversight of the crypto trade. The nation’s new funds guidelines require cryptocurrency corporations to be licensed. Reuters detailed that over 150 cryptocurrency corporations that have been beforehand working in Singapore, together with Diginex, have had to apply for licenses by July 28. The strict regulation goals to adjust to the requirements set by the Monetary Motion Process Power (FATF). This week, Japanese crypto trade Liquid delisted 29 cryptocurrencies in order to adjust to Singapore’s new crypto necessities, as information.Bitcoin.com just lately reported.
Hong Kong has an opt-in licensing regime for cryptocurrency exchanges however doesn’t permit the buying and selling of derivatives merchandise. Its high markets regulator mentioned cryptocurrency futures contracts could also be unlawful, Byworth defined, including that “Singapore was a bit extra versatile in the best way that they have been fascinated with issues.”
What do you concentrate on Diginex’s Nasdaq itemizing? Tell us in the feedback part beneath.
Picture Credit: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This text is for informational functions solely. It isn’t a direct provide or solicitation of a proposal to purchase or promote, or a advice or endorsement of any merchandise, companies, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, straight or not directly, for any injury or loss brought on or alleged to be brought on by or in reference to the usage of or reliance on any content material, items or companies talked about in this text.