Global Digital Finance (GDF) Welcomes ShapeShift to Help Regulate Crypto Industry
Global Digital Finance (GDF) and its efforts to try and create regulations for the digital currencies industry have started attracting additional supporters and members. Recent reports claim that apart from the likes of Circle, Coinbase, and ConsenSys, the GDF has received a new member, ShapeShift.
As many may know, ShapeShift is yet another major cryptocurrency trading platform, and also the newest addition to Global Digital Finance. The company aims to help GDF in regulating cryptocurrencies, and thus remove one of the biggest obstacles on the road to mass adoption.
GDF itself is an industry body which aims to create and promote a list of best practices for digital assets, electronic payment services, and cryptocurrencies themselves. Of course, GDF does not do it alone, as mentioned, and it already gathered support from numerous industry participants, official regulators, policymakers, and others.
Now, Switzerland-based ShapeShift added its support to the organization as well, being only the latest addition to a long list of members and supporters. The platform will work with the GDF community on the creation of an appropriate code of conduct, as well as a code registration program for digital payments and crypto industries.
Erik Voorhees, CEO of the cryptocurrency exchange service, said,
“ShapeShift is excited to be partnering with GDF; an organization working to bring about mainstream adoption in the digital currency space by clearing regulatory uncertainty and obstacles.”
“We look forward to contributing to the future leadership of GDF through our position on the Advisory Council.”
From now on, ShapeShift will be a member of the GDF Advisory Council, and it also signed the GDF Registry. In other words, it will adopt and apply GDF's own code of conduct. This is a specific set of objectives that have a goal of keeping the market as stable and as healthy as possible. Those include keeping the market efficient, improving security for investors, and helping the liquidity grow across the industry.