Serious investors, joined by those with FOMO (fear of missing out), drove up the value of crypto assets in 2017 at a remarkable pace. The next big rise will inevitably involve large, institutional investors. Already, institutional-grade trading has begun in the digital assets arena.
Meanwhile, national leaders and regulatory bodies, caught off guard by Bitcoin’s phenomenal growth and the attendant security issues, have scrambled to slow the burgeoning demand for digital assets. The prices of coins have suffered across the board, at least partly as a result of their public statements and their interventions.
Today, the talk is about designing frameworks — both to ensure the protections that larger investors typically require and to quell the regulatory panic.
Global Crypto Standards: Vital to Crypto Assets’ Future Growth
Enter Global Digital Finance (GDF), with an international Code of Conduct for Crypto Assets, supported and informed by industry participants.
GDF crypto is striving for a meeting of the minds on the nature of these assets that attract investors worldwide, both sophisticated and vulnerable. The group envisions a future in which token offerings and crypto assets evolve within, while also complementing, the broader financial markets.
The new crypto code of conduct sets forth universal standards for handling powerful currencies such as Bitcoin and Ethereum as well as payment, asset and utility tokens. GDF crypto unites a number of major industry influencers who can help move things ahead in Europe, the U.S. and elsewhere.
The GDF agenda also involves fashioning global crypto guidelines to confront major abuses of crypto assets: money laundering and terrorism funding.
What a Crypto Code of Conduct Means for Investors
Crypto asset offerings such as ICOs hold strong investment potential. Obvious problems remain to be solved, however, including protection for investors and a better connected, worldwide set of regulatory standards. A framework for coherent, cross-border policy could not come too soon. Thus, GDF crypto’s energy is welcome and important.
In addition to underpinning new stores of value, blockchain technology offers answers to many persistent obstacles in human interactions.
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