Australia’s encryption broker SWYFTX will acquire New Zealand encryption Exchange Easy Crypto, and is nodded by one of the CEOs of the US’s positive encryption policy.
SWYFTX CEO Jason Titman said in a statement on March 19 that Trump’s policy message for encryption is seen as a tail for this transaction.
He told Cointelegrap that the transaction of Swyftx with Easy Crypto is in progress before Trump was elected, but now we are in the “US’s wise regulation of regulation”, which will bring liquidity and put pressure on other governments.
Titman said, “Everyone is focused on tariffs, so he is skipping the claim that good things are on the horizon for encryption.
“The environment for transactions will be exponentially improved, and there is no doubt that money will move. This transaction may be the first, but not the last.”
Following Trump’s inauguration on January 20, some changes in the encryption industry included changes in encryption by some professional crypto management and securities regulatory agencies in some of the top regulations.
Titman said that the encryption industry has endured several years in the merger and acquisition activities because the CEO of the encryption said in the BIDEN administration, “I didn’t want to take the risk of regulation.
“This hesitation has been expanded to another market that lacks a promise that regulators will sit on the fence and introduce a clear legislation that supports blockchain and digital assets.”
“We expect to continue to increase after the transactions have increased over the next a few quarters. The political administration has come back and forth, but the rules have a long expiration and certainty to invest in companies.”
SWYFTX and EASY CRYPTO will continue to operate on a separate platform under the acquisition on March 31, and the team plans to integrate.
relevant: Australian regulatory agency ‘Blitz’ hit encryption and money transfer.
According to SWYFTX and Easy Crypto, this new business will be given to less than 200 employees and will be operated in Brisbane, Australia.
Janine Grain, co -founder and CEO of Easy Crypto, told Cointelegraph that the acquisition is a “natural fit” and will create a new marine heavyweight to compete with existing existing existing companies.
“Crypto Market has changed rapidly over the past four years. As the market has evolved, there has been a tendency for market integration and powerful areas and players around the world,” she said.
According to a August 2024 SWYFTX survey, 3.9 million Australians out of 26 million are encrypted.
Meanwhile, the study of the Web3 Consearch FIRM protocol theory is partnership with Easy Crypto, and almost 50%of the population of 5.2 million New Zealand is currently considering Crypto investors or future investments.
Compared to 4.5 million in 2023, Australians currently own cryptocurrency. Source: Stumbling
In contrast, the Fed in the United States estimates that about 18 million people in the United States use or use encryption.
GrainGer said, “Interest in the use of our industry is increasing to lead economic growth with strong support for the New Zealand industry.”
“There is a strong support for Crypto locally, and 50%of New Zealand owns or considers future investments in Crypto.
“This area, like other regions, is increasing the level of regulation to help leading trust.”
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