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“Platforms just like the Beaxy Platform require customers to deposit with the platform the entire crypto asset securities that they traded there, ensuing within the platform possessing, and even turning into the authorized proprietor of such belongings and thus a central securities depository,” the submitting mentioned. “Any such association implies that an unregistered crypto asset platform just like the Beaxy Platform may use belongings of their possession and management for its personal functions, thereby exposing traders to important and at instances undisclosed threat of lack of their belongings. Traders who make investments via such a platform could face a threat that, if the platform had been to enter chapter, they won’t have the ability to withdraw their belongings and would grow to be unsecured collectors of the chapter property.”
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