certify
Home arrow Article arrow Article Detail

Global Blockchain Business Council merging with Global Digital Finance for the adoption of cryptocurrencies and Digital assets

Profile Image

Indrani bose Follow

INDIA

Jun, 02 2022

Jun, 02 2022

likes | comments 0

Article Image

The leading global industry association for the blockchain technology ecosystem Global Blockchain Business Council announced a merger with world’s leading market standards association for the adoption of cryptocurrencies and digital assets Global Digital Finance (GDF).

At GBBC’s Blockchain Central at Davos the announcement was made. In this merger, both organizations combine their respective assets, resources, and memberships, thus creating the world's largest industry association for blockchain technology and digital assets. There will be nearly 500 institutional members and 178 ambassadors, operating across 95 jurisdictions and disciplines in the combined association. To further the adoption of blockchain GBBC will be engaging regulators, business leaders, and global changemakers on how to create more secure, equitable, and functional societies

GBBC claims to be the leading global industry association for the blockchain technology ecosystem. It will become the UK-based financial services division of the GBBC. Based in the United Kingdom GBBC Digital Finance will be renamed Global Digital Finance predominantly across EMEA and APAC. Five years after the GBBC was formed at Davos in 2017.

In a shared engagement forum with market participants, policymakers, and regulators, the GDF develops conduct standards to ensure the adoption of best practices for crypto-assets and digital finance technologies.

More than 350 industry professionals throughout the world have worked on creating the GDF codes of conduct. In the emerging crypto and digital assets ecosystem, it is the only global standard. In addition to GDF, GBBC has already established financial services initiatives such as the Post Trade Distributed Ledger Group (PTDL).

GDF Board Chair Lawrence Wintermeyer has been appointed to the GBBC Board of Directors. He added: “The rapid growth and viability of blockchain, crypto, and digital assets means there is a clear need for effective, harmonized regulation built on a robust global framework. David Treat, a Senior Managing Director and Global Metaverse Continuum Business Group & Blockchain Lead at Accenture, said that through the merger of GBBC and GDF significant developments will accelerate the use case and benefits of this transformative technology.


likes | comments 0

Profile Image

Indrani bose

CBW - External Analyst

INDIA

Comments
Data Centre Construction - World First artificial intelligence AI-Tech Utility Token
banner
Article
BIS to Monitor Stablecoins, Focus on CBDC Experiments

The Bank for International Settlements (BIS), known as the "bank for central banks," plans to ramp up its research of central bank digital currencies (CBDCs) through its research and development arm..;

Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.