Swyftx crypto exchange exits $1 billion merger amid regulatory scrutiny: AFR

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Swyftx crypto exchange exits $1 billion merger amid regulatory scrutiny: AFR
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The Australian crypto exchange’s planned merger with superannuation fund Superhero has collapsed due to regulatory hostility.

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Australian Crypto Exchange Swyftx, Share Trading Platform Superhero Abandon Merger PlanAustralian Crypto Exchange Swyftx, Share Trading Platform Superhero Abandon Merger PlanThe regulatory environment is not one in which mergers of traditional businesses and crypto-native companies can easily take place, Swyftx's general counsel said. superheroaus SwyftxAU amitoj 👍👍 superheroaus SwyftxAU amitoj coindesk is fake news superheroaus SwyftxAU amitoj axie content creators and streamers are basically just uneducated, unemployed, delinquent, uncultured swines
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Superhero cans merger with Swyftx citing regulatory scrutinySuperhero 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.
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