메뉴 건너뛰기

XEDITION

Board

Digital Identifiers To Help Crypto Market Go Mainstream

TKKKarl45795067068 2022.03.18 08:09 조회 수 : 1

By Huw Jones

LONDON, Aug 25 (Reuters) - Tags for identifying bitcoin, ethereum and other crypto assets will be launched in September in the latest sign of how the fast growing, unregulated market is adopting the hallmarks of mainstream investing.

The ability to monitor cryptocurrencies has become a major worry for binary options trading strategy 2015 ford regulators as the ballooning market, which reached a record $2 trillion capitalization in April, has experienced wild volatility and central bank warnings that investors could lose their shirts.

Individual stock and derivatives are already assigned a unique identification number to allow regulators and market participants to identify, track and quantify risks from trades.

The new digital token identifiers or profit magnet binary options DTIs will be registered at the DTI Foundation, a not-for-profit unit of Etrading Software, a fintech company that provides market infrastructure.

As the crypto assets sector grows in size, regulators and the market will need identifiers to track it better, Sassan Danesh, managing partner at Etrading Software, told Reuters.

DTIs will create a bridge between traditional securities and the new tokenised world, using norms from the global International Organization for Standardization (ISO) that are set to be finalised by the end of September.

At that time the DTI registry will formally issue identifiers for the 100 most important crypto assets and tokens which represent more than 80% of the current crypto market and include bitcoin, ethereum, Dogecoin and Ripple, Danesh said.

Identifiers will also make it easier to compare which exchanges offer the best prices for specific crypto assets, he added.

ISO based identifiers are already used for reporting securities and derivatives trades to regulators for spotting market abuses and build up of risks, and Danesh expects DTIs will lead to a similar requirement for crypto transactions.

"We absolutely see there will be regulatory mandate for reporting of digital assets and that's driven by just the size of the digital market, which now cannot be ignored by regulators," Danesh said.

Given the time needed for the DTIs to be embedded in markets, the end of 2023 would probably be the earliest practical date for introducing mandatory reporting, he added.

The IT systems of big investors already reference ISO based identifiers and adding DTIs would mean no major recalibration, making it easier to add digital assets.

"The financial institutions when they are looking to add digital assets to the scope of assets classes that they are willing to trade, the compliance officer doesn't want to come up with entirely new policies," Danesh said.

"That is where the DTI fits in, it's part of the same family of ISO standards."

(Reporting by Huw Jones; editing by Carmel Crimmins)

번호 제목 글쓴이 날짜 조회 수
55194 Richard Pusey Is Charged With Posting Picture Of The Truck Crash Scene MalorieDeChair94 2022.03.31 5
55193 Coronabedingt Haben Wir Den Ponyclub Ausgesetzt KianAdam276132282159 2022.03.31 2
55192 Jurus Keledai Kebijakan Kedelai ClydeHeist93560985466 2022.03.31 1
55191 Knowing These 5 Secrets Will Make Your Electronics Look Amazing CourtneyS632561473 2022.03.31 2
55190 Book Your Stay At The World's First Gin-inspired Safari Tent LWUDorine86687845044 2022.03.31 1
55189 Trik Masuk Di Agen Judi Sabung Ayam Online Sah LettieChristmas1333 2022.03.31 4
55188 Kalsel Gelar Bazar Ramadan Dengan Produk-produk Pertanian AdrianneMackersey452 2022.03.31 1
55187 How To Teach Iptv DarylMcclure2060835 2022.03.31 2
55186 L'souffrance - Quoi Orient Voix Portée Dans Lequel Notre Supérette Quotidienne Et Entre La Dissipation De Poids ? MarshallGoffage81586 2022.03.31 1
55185 6 Tips That Will Allow You To You Choose The Best Airsoft Guns KazukoDeason788 2022.03.31 4
55184 All You Need To Know About Thumb Sucking ShaunSayre37964330854 2022.03.31 4
55183 Don't Fall For These Coronavirus Vaccine Myths HongAndrzejewski7 2022.03.31 5
55182 นี่คือวิธีแก้ปัญหาเบทฟิกที่ทำได้อย่างรวดเร็ว (ทำได้ทันที) JKEMerissa692517025 2022.03.31 1
55181 BETFLIK ที่ 1 สล็อต ยิงปลา คาสิโน BETFLIX EttaPilpel4309288840 2022.03.31 2
55180 judi Slot Online Android EKSErvin99805733 2022.03.31 5
55179 Trial Game, Play Slots 2022, No Need To Sign Up, Including All Camps, Free, Direct Website ArleenRbh79075486 2022.03.31 2
55178 Buy HK SP5 Sporting Pistol: GUNS You Need Emily2720182803 2022.03.31 1
55177 اینستاگرام فالوور IrwinMerrick7932 2022.03.31 4
55176 Risks Of Roasted Espresso DerickV8533145691426 2022.03.31 1
55175 FOREX-Yen Kicks Off One Other Week Beneath Strain, With Central Financial Institution HamishHernsheim90504 2022.03.31 4
위로