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Cardano Collaborates with Global Digital Finance to Shape Governance Policies

Cardano (ADA) Foundation EMURGO Joins Chamber Of Digital Commerce For Blockchain Adoption

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Cardano Collaborates with Global Digital Finance to Shape Governance Policies

  • Cardano partners Global Digital Finance
  • Cardano denies sponsoring International Blockchain Olympiad (IBO)
  • Cardano (ADA) price and market analysis

Cardano (ADA) foundation has announced the joining of force with a London-based firm that helps encourage adoption of best practices for cryptocurrencies.

The blockchain foundation through a release declared its collaboration with Global Digital Finance (GDF) with the aim of adding support for its objectives to help shape governance and standardization policies.

After passing to a proper GDF assessment, Cardano foundation joined the group as a member of GDF working groups which includes Stablecoin, Market Integrity, Custody, KYC/AML/CTF, Tax Treatments and Security Token.

The alliance is designed in a way to help brace the present struggle targeted at developing top-class practices and comprehensive governance policies.

Henceforth, Cardano will begin to add its own quota in enhancing market and conduct standards for crypto asset and digital finance participants.

Both parties will be working together in creating effective policies that support crypto asset market as well as initiating developments by creating healthy codes of conduct for blockchain and DLT industry.

Also READ  Cardano, Tron, Ethereum Price Prediction For Next Week: Is Another Long-Term Resistance Approaching

Already GDF has created an ample code of conduct and ethics that will be guiding the affairs of token platforms, token sales, funds and fund managers. The body also made provision for rating websites and members must adhere strictly to be identified as a working fellow.

Cardano Denies Sponsoring International Blockchain Olympiad (IBO)

Cardano blockchain foundation was declared amongst the sponsors of the multidisciplinary design and building competition, International Blockchain Olympiad (IBO) 2019 which took place on 6th and 7th of July at the City University of Hong Kong & InnoCentre.

Contrarily to that, the blockchain foundation, in a twitter update, proclaimed that this is far from being true as it has never agreed to act as sponsor of any event associated with IBO.

Also READ  Reasons For Double Hard Fork in Cardano (ADA) Transition From Byron To Shelley Era

Cardano (ADA) Price and Market Analysis

Cardano (ADA) remains the 11th largest cryptocurrency with a market cap slightly above $2.1 billion which makes it remain on the position even though there are possibilities the altcoin makes it up to 10th position or downward to be ranked 12th depending on its market growth.

ADA is priced $0.0814 as at press time with a value change of +4.36% in the last 24 hours, making the altcoin trade on the upside trend of the market.

I am a lifetime Entrepreneur, Contributor @Thrive Global, @Oracle Times, @Coin Gape. Khalid Lawal is a lover of Blockchain technology and a junior analyst. • Hopes to be a venture capitalist one day. 

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