Cardano Joins GDF to Set Regulatory Guidelines for Crypto

Cardano Foundation on Thursday announced that it joined Global Digital Finance (GDF) to contribute in shaping governance and standardization of crypto policies.

Per the official announcement, Cardano went through the mandatory rigorous process of joining the body.

GDF is a London-based industry membership body which sets a comprehensive code of conduct and overarching principles in regards to token sales, token platforms, funds, and fund managers. The organization also rates websites of its members, so that their compliance with certain standards can be assured.

Teana Baker-Taylor, an executive director at GDF, will participate in a panel discussion at the upcoming Barcelona Trading Conference. She will be joined by Samuel Katz from Rivver, 21M Capital’s Agada Nameri, and Tomar Weiss, founder and CEO of Cytexlabs, to discuss the legal landscape of the crypto industry.

Setting rules for the unregulated industry

The Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term organization also became a member of several GDF working groups including its involvement in custody, KYC/AML, stablecoin, and security token related issues. It will also be involved with groups working on market integrity and tax treatment.

“The collaboration between the Cardano Foundation and GDF will strengthen ongoing efforts to create best practices and sound governance policies,” Bakyt Azimkanov, global PR, communications, and marketing director at Cardano, noted. “Effective policies will help the crypto asset market further develop through establishing robust codes of conduct for the sector amid increasing importance of ethics in blockchain and DLT industry.”

The Cardano Foundation is one of three organizations, along with IOHK and EMURGO, involved in the development of Cardano blockchain. It is also focusing on its expansion on the global map, and its founder Charles Hoskinson believes that the company can even beat Facebook in the emerging markets with its blockchain products.

Meanwhile, Cardano recently partnered with AlgoZ to get Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and trading services for its cryptocurrency ADA.