Online investment platform BnkToTheFuture has acquired a decentralized exchange Altcoin.io to build a compliant platform for trading security, states the official press release.
The acquisition comes amid delisting of BnkToTheFuture's token BFT from cryptocurrency exchange Bittrex.
According to the release, BnkToTheFuture wants to modify Altcoin.io's technical advancements "to capture this growing market."
Simon Dixon, CEO of BnkToTheFuture claims Altcoin.io has an impressive list of technological achievements under their belt, but what set them apart "was their commitment to working in tandem with this dynamic regulatory landscape."
"As the very first securities business operating within the crypto sector, we're excited to expand upon our vision for the future of digital assets by acquiring Altcoin.io's non-custodial trading technology," he added.
In the meantime, the whole cryptocurrency industry may face the biggest threat of its autonomy than ever before as a consequence of the upcoming regulation guidelines from the Financial Action Task Force (FATF)
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