Crypto-currency based capital raising remains a ‘very young’ and unregulated business, that’s the somewhat unsurprising view of one Nasdaq boss who reckons the stock market is still the best place for companies to bring in funds.
Bruce Aust, Nasdaq vice chairman, was quoted in a CNBC report dismissing the current threat posed by the emerging market for initial ‘coin’ offerings (ICOs) for technology companies and other growth companies.
Aust did, however, suggest that the new blockchain and crypto-currency funding approach has the potential to mature.
"We are a regulated market, I think that's the difference between us and an ICO. And we'll see at some point those markets become regulated and that will change everything," he was quoted as saying in the report.