Governments Are Embracing Regulated Crypto Exchanges With Open Arms

NEW YORK, February 17, 2022 /PRNewswire/ — The digital currency and decentralized finance (DeFi) industry and the companies within it may have been stalled by regulators in the past, but the tide is slowly turning. Russia and hong kong are the latest governments to come up with plans to allow crypto exchanges, signaling a major shift in the financial industry as digital currencies become a bigger factor in the global investment landscape. Changing regulations bode well for companies like INX Digital Enterprise (NEO:INXD), Digital Galaxy (TSX: GLXY) (OTCPK: BRPHF), DeFi Technologies Inc. (NEO:DEFI) (OTCPK:DEFTF), digital travel (CSE: VYGR) (OTCQX: VYGVF), and Coinbase (NASDAQ:COIN), which launch products with regulatory approval and strict guidelines in mind to avoid regulatory hurdles.

Owner of a newly listed blockchain-based platform INX Digital Company (NEO: INXD) continues to work towards its vision of being the preferred regulated global hub for digital assets on the blockchain.

last July, INX made history by SEO the world’s first SEC-registered digital security following the successful IPO of INX Token in April, which generated gross proceeds of $83.6 million with more than 7,2500 individual and institutional investors. The company subsequently announced the purchase of a FINRA and SEC and ATS registered broker/dealer now called INX Securities and significantly reduced its trading fees on the ATS from 2.5% to only 0.2% for all digital titles.

“This listing of our proprietary digital security, blockchain trading, is making history. Blockchain securities are the future, and INX is leading the way,” said Shy Datika, co-founder and CEO of INX. “In my view, digital securities trading fee values ​​have reached ridiculously high levels in this space. For digital values ​​to be truly accepted, they need to be available to everyone, at low fees.”

Since, INX opened its cryptocurrency trading platform to the public, completed its acquisition of Openfinance Securities (now called INX Securities) and acquired inter-dealer brokerage ILS Brokers, which $5 billion monthly volume. The company is also entering the booming non-fungible token (NFT) market through a Partnership with Entoro Capital LLC, a leading investment bank for alternative investments and assets, to list the NFTs offered as securities on the INX Securities ATS. For more information on INX Digital Company (NEO: INXD)please visit this link.

A booming space for securities and digital tokens

Digital Currency Exchange Coinbase Global (NASDAQ:COIN) announcement that it will publish its fourth quarter and full year 2021 results on February 24. In its third quarter results, the company reported a trading volume of $327 billion and a net income of $1.23 billion with an adjusted EBITDA of $618 million.

US-based digital currency platform Voyager Digital (TSX: VOYG) (OTCQX: VYGVF) expands its partnership with crypto tax software provider CoinLedger to make capital gains, loss, and income tax reporting easier for its users. At February 2CoinLedger announcement this Traveler made a strategic investment in the company, reinforcing the duo’s shared vision. Now Traveler will be able to use the CoinLedger platform for the upcoming fiscal year 2021 to import their digital currency transactions and get capital gains, losses, and income reports.

Technology-focused financial services and investment management company Galaxy Digital (TSX: GLXY) (OTC: BRPHF) announcement that its subsidiary, Galaxy Digital Asset Management, reported preliminary assets under management (AUM) of $2.3 billion from January 31, 2022. Digital Galaxy as recently announcement the launch of its sustainability program and strategy, highlighting its commitment to responsible environmental practices, a strong corporate governance strategy, and a fair and inclusive environment for employees.

DeFi Technologies Inc. (NEO: DEFI) (OTC: DEFTF)which fully supports a more regulatory environment for investments in digital assets, announcement last week that its 100% subsidiary Valor applied for Swiss membership of the CQF through its Switzerlandentity based at DeFi Europe AG. VQF membership is awarded by the Financial Services Standards Association, a self-regulatory association for Switzerland financial sector.

Meanwhile, INX Digital Enterprise continued to solidify its position in the digital asset market and following its IPO, the company is looking to further accelerate its growth and expand into new jurisdictions.

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