Nasdaq CEO Says Exchange Is Keeping ICOs at Arm’s Length

Nasdaq Inc. Chief Executive Officer Adena Friedman in a report by Bloomberg said the exchange operator is keeping its distance from initial coin offerings “There is no standard for disclosure,” Friedman said at the annual Financial Markets Quality Conference at Georgetown University in Washington Tuesday. “There are no protections for investors. There’s no ownership.” ICOs are a way to fundraise for new digital currencies, following in the footsteps of pioneers bitcoin and ether. Compared to highly regulated initial public offerings, where companies debut their shares on a registered stock exchange, the frontier for ICOs lacks the same stringent standards and investor … Continue reading Nasdaq CEO Says Exchange Is Keeping ICOs at Arm’s Length