Both South Korea and Japan, for example, are crypto-friendly countries, but they’re also cracking down on anonymous cryptos, citing money laundering risk, according to Bob Rutherford, CEO and founder of Hedge.
The crypto market has been in bear territory recently, and Facebook's removal of its bitcoin ad ban can help a resumption of cryptocurrency expansion, according to Nigel Green, founder and CEO of deVere Group.
Coinbase Inc., one of the world’s largest cryptocurrency exchanges, said 10 hedge funds and family offices have begun using the custody service it debuted last week that seeks to safeguard digital tokens in a manner similar to traditional securities.
Every transaction is traceable on the blockchain — though only to the addresses that initiated it. Compare this to Fedwire Funds Service and ACH payments, which don’t have this transaction history available, writes Bob Rutherford is the CEO and founder of Hedge.