Prometheum's Custody and Trading Operations Delayed Due to Compliance Concerns

Thursday, 9 May 2024, 16:27

Despite promises to comply with SEC regulations, Prometheum's launch of custody and trading operations in the crypto sector has faced significant delays. The company's adherence to U.S. Securities and Exchange Commission demands has caused apprehension within the industry. With the target date missed, Prometheum is still finalizing its process for auditing smart contracts, leaving many investors anxious about the platform's future and regulatory compliance.

https://store.livarava.com/5ad902b7-0e23-11ef-a6c2-63e1980711b2.jpg — Prometheum's Custody and Trading Operations Delayed Due to Compliance Concerns

Prometheum's Compliance with SEC Requirements

Much of the crypto sector has been apprehensive about the ribbon cutting on Prometheum's custody and trading operations, which the firm said will fully comply with U.S. Securities and Exchange Commission (SEC) demands. The doors have so far stayed shut well past the target date, but the company explained it's still finishing a process for auditing smart contracts.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Prometheum's Compliance with SEC Requirements

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