Swiss Stock Exchange Gets Regulatory Approval for Crypto Exchange Mathias P.R. Reding
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Swiss stock exchange SIX has announced it has received regulatory approval from the financial watchdog FINMA to launch its new cryptocurrency exchange called SIX Digital Exchange (SDX). The exchange said in a press release that the FINMA's green light enables it to open settlement and custody services based on distributed ledger technology.

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"Over the coming months and years, SIX Digital Exchange will continue to invest in building out the digital financial ecosystem to create a global liquidity network for digital assets by engaging in cooperative ventures with partners and accelerating the onboarding of various global and local financial players," the exchange said.

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SDX first revealed plans for its own cryptocurrency exchange in 2018. Back then, SIX said it was expecting that its traditional trading platform would fully switch to the use of the blockchain technology within a decade.

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