Regulation is gradually moving from talking and deliberation to action, with significantly more enforcement cases, formation of international standards like FATF's guidelines and materialization of licensing regimes. As the stakes of non-compliance increase, so does the benefit of good behavior, due diligence and transparency. The result is increasing demand from institutional and retail investors for credible crypto services, which we at Solidus are experiencing as increased demand for crypto-native compliance and market surveillance tools.
Market Integrity and Manipulation Concerns
The industry continually comes to terms with the disturbing levels of trade manipulation and the need for additional transparency. It’s increasingly clear new frameworks, tools and rules are necessary to measure and improve market integrity. We’re proud to be leading this effort - alongside companies like CryptoCompare - as co-chairs of Global Digital Finance’s Market Integrity Code of Conduct Working Group.
Other mainstream players increasing their engagement with blockchain and digital assets this past month include: Budweiser, Kodak, Apple, Microsoft, Target, US Federal Government, Visa, Amazon, Major Brazilian Bank Bradesco, General Motors, FDA with IBM, Walmart and Merck, The State of Rhode Island, Samsung, Japan’s 100 Major Businesses, Italy’s Banks, Salesforce, LVMH, Central Banks, Walmart China,Germany’s Political Parties, Google, and another 50.
Interest from institutional investors and mainstream corporations in both digital asset and blockchain investments and integrations is growing at an accelerating pace, as the market is still getting over a prolonged bear market. A stable bull market may lead to growth and adoption becoming exponential.
All the crypto news compliance professionals need to know. This month's highlights: SEC Chairman Jay Clayton again calls for better market surveillance and reduced manipulation before the agency can approve a crypto-ETF; A study by The Block raises concerns that 86% of volume in 48 exchanges is potentially wash trading; 94% of surveyed US, UK and Canadian endowment funds are actively engaged with crypto investments
Keynoted by SEC Commissioner Hester M. Peirce and featuring speakers from Coinbase, Gemini, Circle, GDF, Tagomi, ErisX and the Chamber of Digital Commerce among others.
Coindesk‘s Institutional Crypto expert Noelle Acheson hosted Solidus Founder & CEO Asaf Meir for an hour-long discussion of the unique compliance and market manipulation challenges.