«We didn't think it was obvious to rush out a product and be first,» said CEO Jeff Sprecher on Tuesday, expressing concern about the lack of
transparency at cryptocurrency exchanges, many of which will be referenced in price indexes used for cryptocurrency derivatives.
Not exact matches
Announced
at the first meeting of a
cryptocurrency exchange study group established by the FSA in early March, the data release marks the latest effort by the financial watchdog in bringing greater
transparency to the industry following a recent hack of one of the domestic
exchange Coincheck.
Restrictions of several banks worldwide aimed
at limiting credit card purchases of
cryptocurrencies can be seen as a refusal to take pains to actively work with
cryptocurrency exchanges to ensure more
transparency on fiat transactions, according to Glucksmann.
To get off this list, the
cryptocurrency exchanges will need to get approval from the AMF in accordance with Law No. 2016 - 1691, a regulation aimed
at preventing corruption and ensuring
transparency in France's financial markets.