Ten major companies have formed an Association to develop a code of conduct in kriptonyte. Among the founders of a new organization: Galaxy Digital, Genesis Global Trading, GSR, Hudson River Trading, Paxos, Symbiont, BitOoda Technologies, BTIG, Cumberland and XBTO. This writes CoinDesk.
Members of the “Association of digital assets” (ADAM), intend to standardize the recommended rules in areas such as trading, custody, clearing and settlement.
Also, the Association in cooperation with regulators intend to develop legislation and laws to kriptonyte. The purpose of ADAM is to raise the level of confidence in the industry.
“Members of ADAM are either companies that are already playing an active role in the markets of digital assets, or wishing to enter these markets, when they will be standardized rules of the game. The way in which ADAM intends to go, reflects the way created many other self-regulatory organizations”, — said the representative of the Association Set the London.
The first meeting of the Association scheduled for the first quarter of 2019. After the development of the rules of conduct, which will take several months, ADAM plans to monitor compliance and, if necessary, to change.
We will remind, in March the famous twin brothers Cameron and Tyler Winklevoss proposed to create a self-regulatory organization for the bitcoin industry.
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