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Exchange Still the Place to Raise Money.......Nasdaq Boss Tells Blockchain Startups

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Young and upcoming blockchain startups has been reminded that the stock exchange is still the best place for a company to raise money.  Nasdaq vice chairman Bruce Aust said the ICO funding method is still "very young" and in its early stages.

The Nasdaq executive argued that the initial coin offering (ICO) markets are still in its nascent stage, while Nasdaq has been "at the forefront of helping companies raise capital" via the Nasdaq private and public markets. "Nasdaq is the market for companies to raise capital," he said.

He was speaking to CNBC during the Web Summit tech conference in Lisbon yesterday,  he maintained that his company may not always be able to rest on its laurels in the face of competition from token sales, Aust continued:

"We are a regulated market, I think that's the difference between us and an ICO. And we'll see at some point those markets become regulated and that will change everything".

Further, regulators in South Korea and China have issued outright ICO bans, while countries like Singapore, Canada and Japan, among others, have issued warnings over the risks to investors.

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