Boston Security Token Exchange (BSTX) Resubmits Rulebook To The SEC
May 13, 2020
Forbes – May 13, 2020
The Boston Security Token Exchange (BSTX) announced today its decision to withdraw and resubmit its proposed rulebook to the Securities and Exchange Commission. The decision was made to give more time to analyze the impact of a nationally regulated exchange for digital security tokens.
In an interview with Lisa Fall, CEO of BSTX, she said that the decision to resubmit the application was necessary to enable a thorough review. While crypto and blockchain purists may see a regulated exchange as opposed to digital currency ideals, it does represent positive momentum to the mass-public adoption of digital token trading. If successful, a regulated token exchange could open new institutional and retail trading opportunities.