Australian Crypto Exchange Swyftx, Share Trading Platform Superhero Abandon Merger Plan

Australian crypto exchange Swyftx and share trading and superannuation platform Superhero canceled their planned merger, saying the decision was reached after the government turned up the regulatory heat on the crypto industry." that would create a A$1.5 billion"digital and traditional finance powerhouse" and bring over 800,000 customers under one roof.

The cancelation comes after the Australian Securities and Investments Commission sued three crypto-related entities – BlockEarner,

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superheroaus SwyftxAU amitoj Regulation should seek to find ways to have entities work together to foster positive change. As we dive deeper into the digital era and concepts like CBDCs and DIDs are talked about with greater frequency we should unify our efforts to make it hard for bad players to act.

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Superhero cans merger with Swyftx citing regulatory scrutinyThe firms first announced the merger in June and revealed plans to enable trading between traditional and digital assets. Back then, Swyftx co-CEO Ryan Parsons told Cointelegraph that the long-term goal for the merger was to explore interoperability between asset classes. However, things did not work out as planned.
Fonte: Cointelegraph - 🏆 562. / 51 Consulte Mais informação »