The rise of a little known cryptocurrency firm reflects the influence China continues to hold over the crypto world.
Wanxiang executive Xiao Feng at the Fourth West-Lake Summit on Global Alternative Investment Fund, May 20, 2018. Credit: West-Lake Summit
When Aaron Kaplan, the co-chief executive of New York-based cryptocurrency company Prometheum, testified in front of Congress in June, he caused quite a stir among the watching crypto community.
During his testimony, Kaplan revealed that the little-known firm, founded in 2017, had received the first license under Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) guidelines to operate as a digital asset securities broker-dealer. This move to effective
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