European crypto exchange Currency.com, has today announced its membership to the Global Digital Finance (GDF), a leading industry body that supports standards and best practices in crypto assets and digital finance.
The GDF brings together a global community of industry participants through quarterly global summits and working groups.
As a GDF Member, Currency.com will be at the forefront of creating market and conduct standards and best practices for crypto asset and digital finance participants in a shared engagement forum with market participants, policymakers and regulators.
GDF’s working groups include subject matter experts from across the ecosystem from crypto/digital assets, traditional financial services, legal and academic communities, such as Coinbase, Crypto.com, DLA Piper, EY and the London Stock Exchange.
Specifically, Currency.com will lend its subject matter expertise to the working groups KYC/AML/CTF, which articulates best practices in the areas of customer due diligence and the prevention of financial crime associated with money laundering and terrorist financing, and Market Surveillance, which aims to develop shared surveillance data standards and frameworks for digital asset markets, necessary to address global regulatory concerns with cross-market manipulability of crypto assets.
Steve Gregory, CEO of Currency.com US, 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.”
Commenting on Currency.com’s membership, Emma Joyce, Executive Director and Board Member at GDF, said:
“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.”
Currency.com is a high-growth crypto exchange seamlessly linking the booming world of cryptocurrencies with the world of traditional financial assets.
The platform is powered by simple, slick, and intuitive technology to empower investors to securely buy, trade, and invest in popular cryptocurrencies using both crypto and fiat currencies.
To help investors trade with confidence, the crypto platform is fitted with robust risk management controls, transparent pricing, and extensive financial education content.
In 2020, the crypto platform reported a 374 percent growth in its client base, making it one of Europe’s fastest-growing cryptocurrency exchanges platforms. Venture Capitalist Viktor Prokopenya was an early investor in the company through his fund VP Capital.
Currency Com US LLC is registered with FinCEN as a Money Services Business. Its parent entity, Currency Com Limited, is authorized by the Gibraltar Financial Services Commission to provide Distributed Ledger Technology services under license number 25032. Currency.com has offices located in Cyprus, the US, Gibraltar, The Netherlands, Ukraine, and Singapore.
To find out more, visit their website.
About Global Digital Finance
Global Digital Finance (GDF) is an industry membership body that promotes the adoption of best practices for crypto assets and digital finance technologies, through the development of conduct standards in a shared engagement forum with market participants, policymakers, and regulators.
Over 140 global organizations are members of GDF and over 350 industry professionals from around the world have worked on developing the GDF codes of conduct, the only global standard in this emerging sector.
To find out more, visit their website.
This article is sponsored content and does not represent the views or opinions of BeInCrypto. While we adhere to the Trust Project guidelines for unbiased and transparent reporting, this content is created by a third party and is intended for promotional purposes. Readers are advised to verify information independently and consult with a professional before making decisions based on this sponsored content.