A team of about 20 people contribute to an elaborate due-diligence process aimed at ensuring that any exchange that wants to use the technology, which scans for fraudulent transaction patterns, is technically capable and morally inclined to use the powerful software wisely. Nasdaq has offered insight into the rigorous due diligence it carries out for crypto firms looking to use its proprietary surveillance technology . Gemini and SBI Virtual Exchange are among the seven that have already launched . Tony Sio , Gemini ’s head of exchange and regulator surveillance , said prospective firms must demonstrate the reputability of their products , explain their organisational structure and founders ' backgrounds , and ensure crypto asset listing procedures are in place .
Nasdaq has offered insight into the rigorous due diligence it carries out for crypto firms looking to use its proprietary surveillance technology . Gemini and SBI Virtual Exchange are among the seven that have already launched . Tony Sio , Gemini ’s head of exchange and regulator surveillance , said prospective firms must demonstrate the reputability of their products , explain their organisational structure and founders ' backgrounds , and ensure crypto asset listing procedures are in place .