July 4, 2019

Cardano Foundation joins Global Digital Finance to shape governance policies

Bakyt Azimkanov

Global PR and Communications Director

Cardano Foundation

The Cardano Foundation – in line with its goals to help shape governance and standardization policies – joins Global Digital Finance (GDF), an industry membership body. The Foundation has completed GDF’s thorough assessment, a rigorous process applied to all members, before joining.

The Cardano Foundation became a member of a number of GDF working groups—Custody, KYC/AML/CTF, Stablecoin, Security Token, Market Integrity and Tax Treatments—thus, contributing to the improvement of market and conduct standards for crypto asset and digital finance participants.

The collaboration between the Cardano Foundation and GDF will strengthen ongoing efforts to create best practices and sound governance policies. Effective policies will help the crypto asset market further develop through establishing robust codes of conduct for the sector amid increasing importance of ethics in blockchain and DLT industry.

The London-based GDF developed a comprehensive code of conduct and overarching principles in regards to token sales, token platforms, funds and fund managers as well as rating websites which their members must comply with to be officially recognized as a working member.

About GDF: The London-based Global Digital Finance 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. Find out more: https://www.gdf.io/

About the Cardano Foundation: The Cardano Foundation is an independent body based in Zug, Switzerland, with core responsibilities to help oversee and supervise the development of Cardano, the world’s first third-generation blockchain, and its ecosystem. The Foundation is committed to protecting and promoting Cardano, the first blockchain platform developed for smart contracts using a scientific philosophy, and to advocate on behalf of the users and community of the protocol. The Foundation works alongside Input Output HK (IOHK), who are contracted to design and build Cardano, and EMURGO, the for-profit arm working to boost the Cardano ecosystem through commercial ventures. The three entities are wholly separate in governance, ownership and leadership. Find out more: www.CardanoFoundation.org.

Artwork: Ferdinand Stöhr