Published on July 19, 2023 17:35 GMT+00:00edited on July 19, 2023 17:39 GMT+00:00

New York-based Nasdaq Stock Exchange has decided to delay the launch of its crypto custody service due to the uncertain regulatory environment in the U.S.

Nasdaq CEO Adena Friedman, during the company’s quarterly earnings call on Jul. 19, 2023, said:

“Considering the shifting business and regulatory environment in the U.S., we’ve made the decision to halt our launch of the U.S. digital assets custodian business.”

According to Friedman, the exchange remains committed to the digital assets industry but will not pursue a relevant operational license until there is more clarity. She added that Nasdaq will continue developing solutions for the industry in the meantime.

Friedman also clarified that the decision to delay the launch of the custody service is unrelated to the ongoing …