A new industry regulator, Global Digital Finance (GDF), has been established to supervise the code of conduct for digital currencies. The industry body persuaded the leading financial market stakeholders to create a code of conduct and systematize crypto assets worldwide.
“There have been a number of positive initiatives to bring standards to the cryptocurrency sector around token sales (also known as ICOs) and tokens, and GDF has brought together some of the biggest industry players and influencers to move this agenda forward with global policymakers and regulators”, says Simon Taylor, a cryptocurrency expert and think tank of the GDF.
Blockchain technologies are rapidly developing, and that poses the necessity for the fintech to be regulated and to put limits on the risks which can evolve from fluctuating prices of trading coins.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/global-digital-finance-to-manage-code-of-conduct/
