Code of conduct in the crypto space to be developed by the Global Digital Finance body
- It is essential to limit or reduce the risk factors in the cryptocurrency.
- The GDF has commenced coordination with the US and the European nations.
The Global Digital Finance (GDF), is the new body in the cryptocurrency industry that has been launched officially with a mission to develop a wholesome global code of conduct for the cryptocurrency related assets. Besides, it will play the role of monitoring the activities in the crypto space to ensure that there is no unlawful misuse of the blockchain.
More and more countries are giving out warnings against cryptocurrency investments and the risks that come with them. The GDF will be essential to ensure the long-term success of the industry. The body will ensure that there is equal access to opportunities, the risks as well as the practices. It is essential to limit or reduce the risk factors in the cryptocurrency industry by suppressing fluctuations of prices.
The Global Digital Finance body has been reported to have commenced coordination with the US and the European nations to come up with a global code of conduct to be used in the industry. Furthermore, it will provide guidelines on how to handle cryptocurrency assets, including tokens such as utility, payment and asset tokens.
Author
John Isige
FXStreet
John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren
