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From BitGo to MakerDAO: Crypto firms are eyeing broker dealers, and it points to a big shift in the market
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Quick Take
- Crypto firms are eyeing brokers dealers as they look to roll out new offerings and shield themselves from regulatory uncertainty
- MakerDAO, BitGo, and Abra are exploring, or have acquired, a broker dealer
The cryptocurrency market, born out of an anti-establishment, anti-government movement, is bending its knee to U.S. regulators. Across the market for digital assets, firms and foundations are eyeing so-called broker dealer licenses to operate compliantly. The regulatory designation, granted by FINRA and the Securities and Exchange Commission, is tailored uniquely for every recipient firm, experts […]
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