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 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
Source: CoinDesk - 🏆 291. / 63 Read more »

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.
Source: Cointelegraph - 🏆 562. / 51 Read more »