For those who see censorship resistance as one the unquestionable benefits of a decentralized system, ‘Market Surveillance’ is a plague deserving exorcist remedy. Now if get clear, trading or holding assets in exchanges should never be considered a really trustless decentralized enviroment anyway.
One should not be surprised if initiatives such as GEMINI TO LAUNCH MARKET SURVEILLANCE TECHNOLOGY IN COLLABORATION WITH NASDAQ start to pop in many places. And that as in other markets, established businesses actually benefit or regulated or standardized ‘best practices’ as a barrier to new comers.
What they said about it:
“Gemini … and Nasdaq… announced today that Gemini will be leveraging Nasdaq’s SMARTS Market Surveillance technology to monitor its marketplace.(…)
“Since launch, Gemini has aggressively pursued comprehensive compliance and surveillance programs, which we believe betters our exchange and the cryptocurrency industry as a whole,” said Tyler Winklevoss, CEO, Gemini. “Our deployment of Nasdaq’s SMARTS Market Surveillance will help ensure that Gemini is a rules-based marketplace for all market participants.”
(…)”Being regulated by the New York State Department of Financial Services (NYSDFS), Gemini is held to the utmost standards in terms of capital reserve requirements. This is a major milestone in the application of SMARTS- and an important indicator of our commitment to expand the use of our market technology into non-traditional marketplaces, as well as new frontiers beyond the capital markets.”(…)
Nasdaq’s SMARTS surveillance technology automates the detection, investigation and analysis of potentially abusive or disorderly trading, (…)”