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


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.

Indrani Bose
CBW - External Analyst
INDIA