Nasdaq Halts Plan for Crypto Custody Service Due to U.S. Regulatory Conditions

CoinDesk reported:

In September 2022, the operator of the Nasdaq stock exchange had said that it was putting together the infrastructure and regulatory approval needed for a crypto custody service. The firm had applied to the New York Department of Financial Services (NYDFS) for a limited-purpose trust company, which would oversee the custody business.

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