Nasdaq Pauses Crypto Custody Plans Citing The ‘Shifting’ Regulatory Climate



Nasdaq is suspending its plans to launch a crypto custody business due to changing business and regulatory environments in the US. Despite this, Nasdaq claims it is committed to supporting the digital asset industry and will continue to provide technology capabilities for the space. This decision comes as a setback for those expecting regulatory easing in the industry. At the same time, Societe General's crypto division has secured approval from France's financial regulator to offer crypto services, including custody, adding to concerns the US could lose the lead in crypto as other regions adopt more welcoming regulations.
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