The alliance comes as regulators remain concerned about market safety for investors, explains moneytimes.com. The Crypto Market Integrity Coalition, led by risk monitoring software company Solidus Labs, is also calling on companies to sign a market integrity pledge that recognises the potential for fraud in the cryptocurrency space and the industry's need to protect investors.
The Securities and Exchange Commission (SEC) has cited the potential for market manipulation as one of the main reasons for rejecting applications for exchange-traded bitcoin funds. While this initiative is an acknowledgement of the potential for fraud in the crypto space, it remains unclear how the decentralised financial sector can regulate bad actors.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.