Crypto firms launch coalition to promote market integrity


FILE PHOTO: People pass their time at a cafe which has dozens of screens showing the latest trends and prices on various cryptocurrencies for their crypto investors' customers in Nakhon Ratchasima, Thailand January 21, 2022. Picture taken January 21, 2022. REUTERS/Soe Zeya Tun/File Photo

(Reuters) -A group of major cryptocurrency firms including Coinbase, Circle, Anchorage Digital and Huobi Global are forming a new coalition aimed at cracking down on market manipulation in an effort to instill trust in the burgeoning digital asset industry.

The Crypto Market Integrity Coalition, which was convened by risk-monitoring software company Solidus Labs, is also urging digital currency companies to sign a “market integrity” pledge that acknowledges the potential for fraud in the cryptocurrency space and the need for the industry to protect investors.

Subscribe now for a chance to win your dream holiday!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

UniCredit buys digital bank and cloud IT platform in Aion-Vodeno deal
Factbox-Who is Kim Beom-su, founder of South Korean tech giant Kakao?
Mark Zuckerberg aims to rival OpenAI, Google with�new Llama AI model
Google’s US$23bil plan to buy cybersecurity startup Wiz falls apart
Elon Musk denies reported US$45mil a month pledge to Trump, says he doesn’t ‘subscribe to cult of personality’
Maybank says systems remain secure amid claims of database for sale on dark web forum
Which Android smartphones are no longer protected against security flaws?
How AI could soon help fight forest fires
Musk launches poll asking if Tesla should invest $5 billion in xAI, early votes in favour
Musk says any Trump move against EV support would hurt competitors more than Tesla

Others Also Read