consequences as the systemic lack of clearness is having on the market…Etoro Malaysia Review… so first of all there are no liquidity problems you acquire some you lose some uh for instance bitstamp simply revealed that they’re noting ada and it’s a much larger exchange by volume than is for cryptocurrencies especially in these
trading sets so some get in some leave but in general today there is no worldwide regulatory standard on how to treat cryptocurrencies for example the most stringent and stringent regulatory structure for cryptocurrencies at the moment most detailed is probably in the nation of japan which’s controlled by an entity called the fsa and there you have to go through an exhaustive process and the foundation dealing with the fsa i went through i think 3 different applications and over a half million pages of due diligence over a multi-year procedure to get ada whitelisted in japan and now it’s trading there and increasingly more exchanges are taking it up and liquidity is enhancing that area coinbase was also an extremely hard process from my
comprehending to go through and a great deal of oversight there and there are of course active conversations with other u.s liquidity service providers that said it’s not really clear what is what for example in the united states there’s presently a lawsuit versus xrp where the u.s federal government is asserting that xrp is a security in japan it’s being dealt with as a as a currency and it’s white noted and there’s a great deal of
industrial activity of xrp in japan sbi and others are big boosters because community so despite the fact that liquidity is incredibly Etoro Malaysia Review. restricted in the u.s ripple is still in the leading 10 has a great deal of trading so uh the very best you can do in these things is browse this on a case-by-case basis on an exchange-by-exchange basis [Music] i would hope that the structure releases a coherent file discussing how they set about this procedure and what they do we work
with them on a technical basis so when there are technical questions about cardano when there are things that need to be simulated the rosetta user interfaces or the graphql user interfaces or the deprecated rest apis we do that we definitely address a lot of concerns from exchanges and for certain large exchanges we actually uh allow them access to our internal developers slack so they can directly connect with developers when they have demands like utxo fragmentation issues or other such things on our side we had no indication of this from and it’s rather regrettable that
absolutely nothing was sent our way because we at least might have better comprehended their reasons and will naturally reach out on our side to much better comprehend reasons however it’s mainly the foundation’s duty here it has no meaningful effect on the liquidity of ada there’s billions of dollars of turnaround every day or any other aspect it was a relatively little trading market however you understand this is just the nature of the video game liquidity reoccurs some individuals like it some people don’t because they don’t get sufficient volume or consumer interest and then undoubtedly everybody has various regulative thresholds if you’re a european entity with primary european consumers you usually limit your u.s exposure