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Taiwanese Exchange MaiCoin Prepares For A Nasdaq Listing: Report

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The Taiwanese exchange MaiCoin is preparing for a NASDAQ listing and intends to use the funds in its Series C funding round so let’s read more about it in today’s latest cryptocurrency news today.

MaiCoin Group is the parent company of Taiwan’s biggest crypto platform and It is considering becoming a publicly-traded company in the next two years. According to a report by Bloomberg, MaiCoin will employ the proceedings to expand the presence in Southeast Asia and plans to pursue a Nasdaq listing. Joining the market for buying and tradign securities will be a huge achievement for the Taiwanese organization and only two companies completed the US IPOS in the past five years.

The Taiwanese exchange MaiCoin is among the few preparing for a public listing and unlike many countries, the Republic of China hasn’t yet implemented any official regulation on the digital asset sector apart from asking the local exchanges to comply with the AML laws. The financial watchdog said only three out of 16 trading venues completed this step. The MaiCoin founder Alex Liu claimed:

“Taiwan is the Goldilocks to develop DeFi in terms of financial regulations.”

The several entities parts of the digital asset space already revealed the intentions to become a publicly-traded company. In 2021, the BTC miner Iris Energy Pty filed with the US SEC to debut on Nasdaq and the company preferred to go live on the marketplace via a direct listing instead of another way of an initial public offering. The American crypto miner TeraWulf was next to do so and it raised around $200 million in debt and equity financing from a group of individual investors.

ebang on nasdaq

The most prominent crypto company part of Nasdaq’s family is Coinbase and in April 2021, the US exchange is the first to have the stocks publicly traded and the COIN shares had a debut price of $381 and the USD valuation hovers near $180 per single one. The SEC gave a green light for the Valkyrie Bitcoin Miners ETF to be listed on the Nasdaq and the organization even vowed to focus on mining companies that use green and renewable energy.

As recently reported, According to the reports, the Criminal Investigation Bureau charged the 14 suspects and these charges include fraud, money laundering as well as breach of the Organized Crime prevention act. The incident is just one among the growing number of cryptocurrency scams that occurred recently. According to the CIB investigator Kuo Yu-Chih, a Taiwan businessman named Chen led the scheme and promoted crypto investment on social media.

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