17 Crypto Firms Form a Market Integrity Coalition Aimed at Bolstering a Sensi...
On February 7, 2022, a group of 17 digital asset companies revealed they formed an organization called the Crypto Market Integrity Coalition (CMIC). The well-known firms include crypto companies like Coinbase, Circle Internet Financial, Huobi Tech, Bitmex, Cryptocompare, and Solidus Labs. The newly formed group says the coalition is “committed to a safe and sensibly-regulated crypto industry.” Leading Digital Asset Firms Launch a Crypto Market Integrity Coalition 17 crypto companies and organizations have announced the launch of an advocacy group called the Crypto....
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Following the introduction of the Crypto Market Integrity Coalition (CMIC) with 17 member firms last February, the organization has added eight new members. New coalition recruits include Bittrex, Merkle Science, Crystal Blockchain and Bitgo.
8 Crypto Market Firms Join Crypto Market Integrity Coalition to Improve Self-Regulation
Seven months ago, 17 crypto firms announced the formation of the Crypto Market Integrity Coalition (CMIC), a group that aims to bolster a sensibly-regulated crypto industry. Original CMIC members included Circle, Coinbase, Anchorage Digital, Huobi Tech,....
The self-regulatory organization backed by Solidus Labs is known for its integrity pledge; BitGo, Bittrex and Merkle Science are among the new members. The Crypto Market Integrity Coalition (CMIC) announced the induction of eight new members, the organization announced on Sept. 29. The organization, which now has 38 members who have all taken a pledge to uphold market integrity and efficiency, describes itself as such:“CMIC [...] gives a unified voice to the crypto industry’s commitment to continually improving market integrity and collaboration with regulators.”According to its statement,....
“Harmonizing a broad global approach to digital assets and competition in the digital currency space race, can improve U.S. competitiveness, security and lower fundamental costs for basic financial access,” said Dante Disparte of Circle. Several cryptocurrency exchanges and advocacy groups across different countries have banded together to form a coalition intended to fight market manipulation.In a Monday announcement, market surveillance firm Solidus Labs and exchanges including Bitstamp, Coinbase, BitMEX and CrossTower said they would be launching the Crypto Market Integrity Coalition,....
The cryptocurrency industry is responding to the best-practices advocacy group’s call for a fair, stable and regulated market. The Crypto Market Integrity Coalition, an organization founded two months ago by 17 cryptocurrency exchanges, firms and industry associations worldwide, announced 13 new members have joined. The group is centered around a pledge endorsed by members’ CEOs or chief compliance officers that (among other things): “We will integrate principles that uphold Market Integrity and Market Efficiency into our operations and business strategy.” The coalition, or CMIC, was....
Russian banks and financial services firms have come together to form the country’s first financial blockchain consortium, a coalition that will seek to explore and implement blockchain solutions in the banking and financial services industries. Announced at the beginning of the month, Russia’s first ever blockchain consortium will see various prominent banks and notable financial and professional services firm Accenture, come together to form a private-sector coalition. Initial whispers of the establishment of a blockchain consortium in Russia arose in early June 2016, with Russian....