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October 08, 2018, 10:06:44 PM |
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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!
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