All Centralized Exchanges Are Fucked

[Anonymous No.14693739]

SEC and FinCEN issued a joint statement on crypto asset custody.
CEX's cannot satisfy the custody requirements of a security broker/dealer under U.S. regulations.
DEX's can.
>Might want to consider buying some NEX before the Nash Exchange launches.
>They're going to be the only game in town for Americans.
>Literal monopoly.

[Anonymous No.14693755]

>Generally speaking, noncustodial activities involving digital asset securities do not raise the same level of concern among the Staffs, provided that the relevant securities laws, SRO rules, and other legal and regulatory requirements are followed.
Nash Exchange - check.
Bittrex, Coinbase, Poloniex, Kraken - no checks

[Anonymous No.14693767]

>Another example is where a secondary market transaction involves a broker-dealer introducing a buyer to a seller of digital asset securities through a trading platform where the trade is settled directly between the buyer and seller. For instance, a broker-dealer that operates an alternative trading system (“ATS”) could match buyers and sellers of digital asset securities and the trades would either be settled directly between the buyer and seller, or the buyer and seller would give instructions to their respective custodians to settle the transactions.[9] In either case, the ATS would not guarantee or otherwise have responsibility for settling the trades and would not at any time exercise any level of control over the digital asset securities being sold or the cash being used to make the purchase (e.g., the ATS would not place a temporary hold on the seller’s wallet or on the buyer’s cash to ensure the transaction is completed).
Nash Exchange - check.
Bittrex, Coinbase, Poloniex, Kraken - no checks

[Anonymous No.14693805]

Here's the Statement if you want to read for yourself.

https://www.sec.gov/news/public-statement/joint-staff-statement-broker-dealer-custody-digital-asset-securities

[Anonymous No.14693821]

Buy Steve Nash