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Blockchain-Fueled Stock Exchange BSTX Gets Greenlight From SEC

  • Approval doesn’t apply to the trading of digital tokens
  • Technology would be used for services such as settlement
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The BSTX exchange won approval from U.S. regulators for a plan to use blockchain technology to fuel key aspects stock trading.

The approval, announced on the SEC’s website late Thursday, is being hailed by some as a milestone in a push for regulated crypto markets. However, the SEC said in its filing that the go-ahead doesn’t apply to the trading of digital tokens -- meaning that the exchange won’t be able to start offering cryptocurrencies and other virtual assets.