Digital US stocks are coming – be worried - The Business Times
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THE accelerating drive to turn listed company stocks into digital tokens risks introducing crypto-like dangers into the US equity market with few benefits.
THE accelerating drive to turn listed company stocks into digital tokens risks introducing crypto-like dangers into the US equity market with few benefits.
The potential drawbacks include money laundering, insider trading and even theft – as the recent US$6.3 billion Binance hack showed. The only winners would be trading platforms hunting for extra income.
The Securities and Exchange Commission (SEC) ploughed ahead with efforts to promote tokenised securities – digital entries of rights or ownership in shares, recorded on a blockchain or distributed ledger – in September, suspending many rules and investor protections for firms trying to develop the market.
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https://www.businesstimes.com.sg/opinion-features/digital-us-stocks-are-coming-be-worried
