Cardano joined GDF for shaping governance policies

Cardano joined GDF for shaping governance policies

The Cardano ADA Foundation on 4th July has announced that it joined Global Digital Finance (GDF) to contribute in shaping governance and standardization of Cryptocurrency policies.

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

Cardano joined GDF for shaping governance policies

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TheGlobal Digital Finance organization is a UK 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 GDF 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 technology organization also became a user of several GDF working groups including its involvement in custody, KYC/AML program, stable coin, and security token related issues. GDF will also involve with groups working on market integrity and tax treatment.

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

The Cardano Foundation is one of three organizations, along with IOHK and EMURGO, involved in the development of Cardano blockchain. Cardano Foundation 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, ADA recently partnered with AlgoZ to get liquidity and trading services for its cryptocurrency Cardano.

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