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Cardano Foundation Joins Industry Membership Group to Establish Regulatory Guidelines for Crypto

he Cardano Foundation, one of the three organizations involved in the development of the Cardano blockchain and its ADA cryptocurrency, has recently joined Global Digital Finance (GDF), an industry trade group, to help set regulatory guidelines for the cryptocurrency space.


According to Finance Magnates, citing an official announcement, the Cardano Foundation went through a “mandatory rigorous process” to join the London-based industry membership organization GDF, which sets a “comprehensive code of conduct and overarching principles” when it comes to token sales, platforms, and fund managers.


The organization reportedly also rates the websites of its members to ensure compliance with specific standards. Joining GDF means the Cardano Foundation entered several working groups revolving around know your customer (KYC) and anti-money laundering (AML) requirements, stablecoins, custody, and security tokens. Read More at CryptoGlobe...

#ADA #Regulations

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