Leading cryptocurrency exchange Currency.com today unveiled it had secured its membership in the Global Digital Finance (GDF), an industry body pioneering the best standards and practices in crypto-assets and digital finance.
Currency.com Now a Member of Global Digital Finance
In an announcement made today, Currency.com shared details about its newly bagged membership of the GDF.
For the uninitiated, the GDF is a leading industry membership body that brings together a global community of industry participants via quarterly global summits and working groups.
As a member of the GDF, Currency.com will be well-positioned to lead the adoption of standards and best practices across the digital assets industry.
Currency.com will work alongside market participants, policymakers, and regulators to foster and promote a set of standards and best practices that help in the growth of the crypto industry.
Notably, GDF’s working group comprises subject matter experts from across the ecosystem from the crypto industry, traditional financial services, legal and academic communities. Examples of such entities include the likes of Coinbase, Crypto.com, DLA Piper, EY, and the London Stock Exchange.
It’s also worthy of note that Currency.com will offer its subject matter experience to the working groups KYC/AML/CTF, leading to the development of best practices in the areas of customer due diligence and the prevention of financial crime pertaining to money laundering and terrorist financing.
Moreover, Currency.com will aid in the development of shared surveillance data standards and best practices in the market surveillance space for digital asset markets that are required to address global regulatory concerns with the cross-market manipulability of crypto assets.
Commenting on the development, Steve Gregory, CEO of Currency.com, said:
“We are proud to join this group of like-minded leaders working together to ensure the digital asset space grows in step with regulation. As a member of Global Digital Finance, we aim to collectively support and drive the adoption of standards and best practices. This will build greater trust and confidence among new entrants and policymakers and accelerate the development of the entire digital finance ecosystem.”
Similar sentiments were echoed by Emma Joyce, Executive Director and Board Member at GDF.
“We are delighted that Currency.com has joined the GDF membership. We look forward to further collaborating on the development of code of conduct to advance digital finance and promote the adoption of best practices for the industry.”