Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: FXTradingPro on October 08, 2018, 08:27:15 PM



Title: Apex Clearing looking to offer Cryptocurrency Assets and Why it Matters
Post by: FXTradingPro on October 08, 2018, 08:27:15 PM
Apex Clearing is one of the most innovative companies when it comes to financial services. The fact they are adding a crypto clearing division is a great indication to the future of cryptocurrencies. It is also interesting that they feel there are no worries when it comes to the future of regulation in the US.


https://forexmarketslive.com/apex-clearing-looking-to-offer-cryptocurrency-assets-and-why-it-matters/


Title: Re: Apex Clearing looking to offer Cryptocurrency Assets and Why it Matters
Post by: kingcolex on October 08, 2018, 09:28:01 PM
We have plenty of huge names in the financial sector jumping into crypto and Bitcoin. This is just another tick in the belt.


Title: Re: Apex Clearing looking to offer Cryptocurrency Assets and Why it Matters
Post by: avikz on October 08, 2018, 10:06:44 PM
What I understand from the article us that, Apex clearing is creating a new entity to provide crypto custodian service to corporates and hedge funds! Custodian service for crypto is indeed a challenge and if this problem is solved, we will see a lot more positive interest growing within the eco system!

While this certainly is a good news, but the only challenge is the legal framework. US still doesn't have a clear legal or tax framework created for crypto. The exact point that US Congressman Tom Emmar is trying to address!

I hope that increasing interest among the corporates will force US government to frame documented legal framework sooner than we expect. That will be a real win for us!


Title: Re: Apex Clearing looking to offer Cryptocurrency Assets and Why it Matters
Post by: kingcolex on October 08, 2018, 10:23:22 PM
What I understand from the article us that, Apex clearing is creating a new entity to provide crypto custodian service to corporates and hedge funds! Custodian service for crypto is indeed a challenge and if this problem is solved, we will see a lot more positive interest growing within the eco system!

While this certainly is a good news, but the only challenge is the legal framework. US still doesn't have a clear legal or tax framework created for crypto. The exact point that US Congressman Tom Emmar is trying to address!

I hope that increasing interest among the corporates will force US government to frame documented legal framework sooner than we expect. That will be a real win for us!
A loose system isn't bad a rigid legal framework could stifle businesses, look at New York and their shitty crypto license.