The chief executive officer (CEO) for major crypto exchange Coinbase recently explained how his company decides which altcoins to add to the platform.
ایک بات کرتے ہوئے انٹرویو with computer scientist Lex Fridman, Coinbase CEO Brian Armstrong said that the company begins by evaluating an altcoin’s status as a security:
"We basically have a test of legality. We check: ‘Do we believe this is a security?’ If so, it can’t be listed on Coinbase. And there’s a very rigorous process we go through for that.
"Just currently the way the laws are in the US, you can’t do that. We acquired a broker-dealer license from the SEC. We’re trying to work with them to get that operational and hopefully one day, we can trade real crypto securities but today, that’s not possible in the US."
Next on Armstrong’s list of evaluation criteria was security:
"Then we look at the cybersecurity of the crypto asset. Do we think there’s some flaw in the smart contract, or a way that somebody could manipulate it without the customers’ permission?
"ہم اس کی تعمیل کے کچھ ٹکڑوں کو بھی دیکھتے ہیں، جیسے اس کے پیچھے اداکار اور کسی بھی قسم کی مجرمانہ تاریخ اور اس طرح کی چیزیں۔ اگر ہمیں یقین ہے کہ یہ ہمارے فہرست سازی کے معیارات پر پورا اترتا ہے، بنیادی طور پر قانونی حیثیت کا یہ امتحان اور گاہک کے تحفظ کے لیے ہر چیز، تو ہم اس کی فہرست بنانا چاہتے ہیں کیونکہ ہم چاہتے ہیں کہ اس وقت مارکیٹ فیصلہ کرے۔..
"It’s kind of like Amazon or something like that where a product might have three stars or it might have five stars, but if it starts to get one star consistently, it’s probably fraudulent or defective or something and maybe Amazon will remove it. Otherwise, you want to let the market decide what these things are".
[سرایت مواد]
