wordpress blog stats
Connect with us

Hi, what are you looking for?

NYSE files trademark to build an exchange for all things crypto, NFTs, and metaverse

This move by the world’s largest stock exchange can have a significant impact on the adoption of cryptocurrencies and NFTs.

The New York Stock Exchange (NYSE) has set its sight upon cryptocurrencies and non-fungible tokens (NFT) as it seeks to build an exchange where users will be able to buy, sell or trade these digital assets, Bloomberg reported. NYSE is also planning to roll out a NYSE-branded cryptocurrency, as per its regulatory filing with the U.S. Patent and Trademark Office dated February 10, 2022. The exchange told Bloomberg that it has no immediate plans to launch cryptocurrency or NFT trading but considers new products and their impact on its trademark regularly. What is NYSE? It is an American stock exchange which is also the world's largest stock exchange by market capitalisation. The total value of its listed companies stood at $27 trillion in 2021. NYSE’s reported plans to offer NFTs and launch its own crypto token affirms the growing interest of traditional financial organisations in crypto assets. What else does NYSE’s application entail? The application seeks to register NYSE's trademark for the metaverse as well by including virtual reality, augmented reality, and mixed reality software, Coin Telegraph reported. It remains to be seen how long it will take for NYSE to realise its plans and whether it will face any resistance from the US Securities and Exchange Commission (SEC). The US has no formal law at the federal level to regulate crypto asssets. However, several states have proposed and/or passed laws affecting cryptocurrencies and blockchain technology. There is no uniform approach. While states like Colorado and Montana have passed favourable regulations exempting cryptocurrencies from state laws,…

Please subscribe/login to read the full story.
Written By

I cover several beats such as Crypto, Telecom, and OTT at MediaNama. I can be found loitering at my local theatre when I am off work consuming movies by the dozen.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?

News

After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples

News

In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection

News

The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.

News

The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ