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Nasdaq Stops Bitcoin and Altcoin Custody Service.
Nasdaq's CEO, Adena Friedman, announced at a financial conference as of today that they are canceling company plans for the crypto custody service, which is scheduled to be active by the second quarter of 2023.
Nasdaq recently applied to the New York Department of Financial Services (NYDFS) to oversee its crypto custody operations.
Nasdaq, which has canceled its crypto custody service in the USA as of now, shared that the reason for this decision was the regulatory uncertainty in the United States (USA).
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