Crypto Traders propose to Establish Industry Blacklist, Standards: Reports

Bloomberg recently reported that major cryptocurrency traders are considering the idea of joining hands to form a group so that a blacklist is created of all the counterparties who are engaged in the crypto space with nefarious activities. 35 digital assets firms were represented by a group of traders who attended the meeting which was held in Chicago on Tuesday. The trading firms such as the Cumberland of DRW Holdings Inc.’s crypto unit, Ripple tech startup, and Galaxy Digital Holdings of Mike Novogratz’s.