Ten crypto and financial startups are forming a new association to create standards of conduct for the blockchain space.
Bitstamp, bitFlyer, Bittrex and Gemini launched a self-regulatory organization (SRO) for crypto exchanges on Monday.
The arc of crypto bends toward regulation, so we might as well be prepared, says Gemini's risk chief and the president of the Virtual Commodities Association, Yusuf Hussain.
Sixteen Japanese cryptocurrency exchanges have applied to form a certified self-regulatory organization for the industry.
With the absence of formal rules leaving gray areas, panelists at Consensus 2018 argued that crypto firms should lead the way with self-regulation.