"Privateized BitAssets serve those customers that would like to issue a market pegged asset but do not want the witnesses to publish the prices. Instead, when creating a privatizedbitasset, the issuer can define a set of authorities that are allowed to publish the price for that particular asset. The issuer can further define all kinds of fees involving this asset and make a profit.
This feature is of particular interest for exchanges and institutes that have access to real-time prices and would like to increase exposure and volume."
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