Translated by: MOS Education Team – AlexZ

On Jan. 29, according to related media sources. Boston Security Token Exchange BSTX received approval from the SEC to operate as a blockchain-based stock exchange.

According to the SEC’s approval, the blockchain technology used by the Boston Security Token Exchange will increase the settlement rates for customers in traditional markets while reducing settlement cycles. In addition, the terms of the SEC’s agreement with BSTX include the exchange’s participation in all National Market System programs related to stock trading, securing a regulatory services agreement with The Financial Industry Regulatory Authority (FINRA), the establishment of a market oversight group and a suitable governance structure.

Proofread / Edited by: Wenzun
Chief Editor: Rica
Posted by: Chimeiwangliang

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