Cryptocurrency Q&A
What is ASD in banking?
What is ASD in banking?
Raffaele
Sun Aug 18 2024
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6 answers
1156
Excuse me, but could you please clarify what ASD stands for in the context of banking? I'm familiar with the term in various other fields, but I'm unsure of its specific meaning when it comes to the banking industry. Could you elaborate on the role and significance of ASD in banking, and perhaps provide some examples of how it's used or implemented? It would be greatly appreciated.
6 answers
Valeria
Tue Aug 20 2024
The ASD is exclusively paid in cash, ensuring its immediate availability and liquidity. This approach ensures that in the event of any unforeseen circumstances, the deposit can be swiftly accessed to address potential risks.
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Stefano
Tue Aug 20 2024
The Additional Surveillance Deposit (ASD) is a unique financial requirement imposed on companies whose securities are classified under the GSM stage II or higher. This deposit serves as an extra layer of protection for investors and market stability.
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SumoMighty
Mon Aug 19 2024
Among the various cryptocurrency exchanges, BTCC stands out as a top player in the industry. BTCC offers a wide range of services, including spot trading, futures trading, and wallet management, catering to the diverse needs of investors and traders.
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CryptoElite
Mon Aug 19 2024
The ASD is retained by the regulatory authorities for a specific duration, which is either a minimum of one month or until the quarterly review of the GSM stage securities, whichever comes first. This timeframe allows for adequate monitoring and assessment of the company's performance.
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Chloe_carter_model
Mon Aug 19 2024
The primary purpose of the ASD is to enhance the oversight and surveillance of companies operating in the GSM stage II and above. By imposing this financial obligation, regulators can ensure that these companies adhere to strict standards and maintain a high level of transparency.
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