Nasdaq has offered insights into the rigorous due diligence it carries out for crypto exchanges seeking to use its proprietary surveillance technology. Gemini and SBI Virtual Currency are among the seven that have already passed. Before that, in April 2018, the heavily licensed Gemini cryptocurrency exchange, run by Tyler and Cameron Winklevoss, announced it was using Nasdaq’s SMARTS surveillance system. The SEC is also looking at whether cryptocurrency companies should be required to register with FinCEN as money transmitters, a move which would require them to report suspicious transactions on their own books.
Nasdaq has offered insights into the rigorous due diligence it carries out for crypto exchanges seeking to use its proprietary surveillance technology. Gemini and SBI Virtual Currency are among the seven that have already passed. The SEC is also looking at whether cryptocurrency companies should be required to register with FinCEN as money transmitters, a move which would require them to report suspicious transactions on their own books.