- Currency.com will work to prevent fraud, create market and conduct standards
- GDF’s working groups include experts from global exchanges such as Coinbase and Crypto.com
- Currency.com is powered by simple, slick and intuitive technology to empower investors
European crypto exchange Currency.com announced its membership in the Global Digital Finance (GDF), a leading industry body that supports standards and best practices in crypto assets and digital finance, Bankless Times learned from a press release.
Exchange will create market and behaviour standards
As a member of the organization, Currency.com will be responsible for creating market and conduct standards and establishing best practices for digital finance and crypto asset space participants. They will share a forum with watchdogs, legislators, and market participants.
Experts from across digital finance active in GDF
GDF’s working groups include experts from global exchanges such as Coinbase and Crypto.com as well as entities like DLA Piper, EY and the London Stock Exchange.
Currency.com will focus on KYC and AML, a working group that articulates the best practices to prevent money laundering and terrorist financing and to carry out customer due diligence.
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.
Steve Gregory, CEO of Currency.com US, added:
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.
About Currency.com
Currency.com 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.
Currency Com US LLC is registered with FinCEN as a Money Services Business. Its parent entity, Currency Com Limited, is authorised by the Gibraltar Financial Services Commission to provide Distributed Ledger Technology services under licence number 25032.
Currency.com has offices located in Cyprus, US, Gibraltar, The Netherlands, Ukraine and Singapore. 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.
