SEC chairman: Bitcoin won’t trade on real exchanges anytime soon


Bitcoin won’t be traded on real exchanges like Nasdaq or New York Stock Exchange any time soon — or so says US Securities and Exchange Commission chairman Jay Clayton. At a conference earlier today, Clayton maintained that Bitcoin needs stronger regulation before that happens, and until then, investors should remain wary, CNBC reports. “If [buyers] think there’s the same rigor around [Bitcoin’s] price discovery as there is on the Nasdaq or New York Stock Exchange … they are sorely mistaken,” said Clayton. “We have to get to a place where we can be confident that trading is better regulated.” Clayton said pretty…
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