CFTC adopted NASDAQ Financial Market Monitoring Tool to fight market manipulation
The Commodity Futures Trading Commission (CFTC), a US finance regulator, is Integration A financial monitoring tool developed by the Stock Exchange company NASDAQ in a bid to overhaul the infrastructure of the 1990s.
NASDAQ software is dedicated to exploring the market abuse, including Trade activity of the insider And market manipulation in equities and crypto markets, Tony Sio, head of regulatory strategy and change in Nasdaq, was told in cointelegraph. He said:
“The fixed algorithms see suspicious patterns that are unique to the digital asset markets. It offers real-time reviews of book order data throughout the crypto trading areas and cross-market analytics that can associate activities between the asset’s traditional and digital markets.”
The data fed to the tracking system is “so -so -so -so -so -so -so -so -so -sio.” Sio said.
Financial monitoring Continue to be a hot crypto button issue, with privacy advocates who have argued tracking creates conditions for a digital “prison,” and others that focus on that Anti-Money Laundering Methods are required for the adoption of the crypto institution.
Related: US Treasury’s defi ID plan is ‘like putting cameras in every living room’
The defi sector is increasingly concerned with tracking
The US Department of Treasury has explored the possibility of requiring digital identity checks that are emerged within decentralized finances (DEFI) wise contracts to combat the illicit financial flow.
Resistance to forbidden finances is one of the directives given to the White House crypto Report From July, which also included tax and market structure Measures for digital possessions In the US.
The White House report recommends that the Treasury Department and the National Institute of Standards and Technology (NIST) will develop additional Know-your-customer (KYC) Parameters for digital ownership.
The report also recommends changing existing NIST digital identity guidelines and the development of identification credentials.
Critics of these proposals say that the addition of such tools to the defi protocol assesses the basic ethos of permission, decentralized architecture.
“If you turn a neutral, without permission infrastructure in the one where access is gated by government-approved credentials, it is starting to change what the defi means,” Mamadau Kwidjim Toure, CEO of the Ubuntu Tribe’s investment platform, told Cointelegraph.
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