Circle, Coinbase, ConsenSys, DLA Piper, Diginex, Hogan Lovells and R3 have joined Global Digital Finance (GDF) as Founding Members of the not for-profit initiative to form the Code of Conduct, Fintech Finance reports.
The Code reportedly will enable crypto firms to “demonstrate to their customers, markets and regulators, that they abide by ethical and professional standards in their conduct with clients, money handling, risk management, and market practice.”
The CEO of Circle, Jeremy Allaire said that creating public trust is “essential to Circle and to democratizing finance” using cryptos and blockchain.
In addition to collaboration, ConsenSys, earlier this week, has acquired American asteroid mining company Planetary Resources.
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