Renata Szkoda – Global DCA

Author - Renata Szkoda

JOIN US! Digital Assets Connection 2023

When was the last time you attended a conference that was a catalyst for CHANGE? Welcome to the Digital Asset Connection! Previously known as the CryptoConnection, in 2023, the Tabb FORUM / Global DCA “Digital Assets Connection” Conference will evolve beyond its cryptocurrency roots into the broader thematic area of digital assets and will focus on providing insights, perspectives and dialogue around ‘building’ a solid foundation – or bedrock – upon which a dynamic digital asset industry may thrive. Global DCA What do you do when the markets are down? You BUILD. As both traditional financial institutions and digitally native firms seek to re-orient, reposition and BUILD during the ‘crypto-winter’ – this year’s event will draw attendees into interactive dialogue, intimate roundtable discussions, and knowledge sharing on the most pressing issues facing the industry: Stablecoin and payment tokens Current trading and exchange environments for CeFi and DeFi Digital asset custody Digital asset utility and purpose Session topics and structure have been designed to cut through the chaos of the past twelve months and support attendees in taking those crucial next steps in thinking strategically, making the necessary industry connections and building the bedrock for institutional adoption. Shouldn't a conference be more than just listening and networking? We think YES! Digital Asset Connection 2023 has been structured to not only advance learning and networking, but also to serve as an official input into the policy work and engagement that the Global DCA will undertake in 2023 / 2024. It is for this reason that...

Doon Insights 2023 Crypto 5 Workshop

The Global DCA is delighted to partner with Doon Insights (www.dooninsights.com)  for their 2023 Crypto Workshop, to be held on May 3, 2023 in Bonny Doon, CA. This one-day workshop will bring together leaders from Crypto and Web3 and feature twelve early-stage companies plus discussion panels, all in an intimate setting. The Workshop will take place at Doon Insights’ Founder and Managing Director Howard Chao’s mountain retreat in Bonny Doon, just outside of Santa Cruz, CA. This is an ideal way to meet senior investors and company representatives from across crypto and tradfi, learn about what’s next in crypto, and take in some fresh mountain air. The overall theme of the event is Crypto in the Real World; Gabriella Kusz will lead a discussion on the regulatory challenges facing crypto. Also on the agenda will be discussions on real-world applications for crypto and a dissection of the FTX debacle led by industry insiders. For more information about the event and to join us in May, please see the event page below: Crypto 5: Workshop at Bonny Doon (May 3, 2023) https://app.glueup.com/event/crypto-5-workshop-at-bonny-doon-68874/home.html Login: friend Pass: 1818 Doon Insights is offering Global DCA members a 20% discount on the ticket price for this workshop – enter the code “DCA20” at checkout. We hope to see you in May!

The Global DCA Responds: White House Office of Science and Technology Policy Request for Information

The Global Digital Asset & Cryptocurrency Association (“GDCA”) welcomes the opportunity to comment on the US Federal Government’s National Digital Assets Research and Development Agenda. We are pleased to see the White House taking note of the transformative power of Distributed Ledger Technologies (DLT) and digital assets, which are revolutionizing the way we interact with each other and with businesses. This recognition demonstrates a forward-thinking approach to the rapidly evolving digital landscape and a commitment to leveraging cutting-edge technologies to drive innovation, promote transparency, enable secure financial inclusive opportunities, and enhance economic growth. Please click below to read the full response! CLICK HERE for the Full Response

The Global Digital Asset and Cryptocurrency Association Announces Creation of the Compliance Community of Practice

Chicago, Illinois - February 21, 2023 - The Global Digital Asset and Cryptocurrency Association, the preeminent self-regulatory association for the digital asset and cryptocurrency industry, announces the creation of its  Compliance Community of Practice (C-COP). The C-COP aims to provide practical guidance and insights to Chief Compliance Officers and their teams as they develop compliance frameworks for businesses evolving in digital assets. The chairpersons selected to lead this important new initiative include the following industry experts and leaders in the regulatory space concerning digital assets: Joe Schifano, Global Head of Regulatory Affairs at Eventus and Elizabeth Davis, Partner at Davis Wright Tremaine LLP. “The C-COP provides a vehicle through which the Global DCA may support its member firms in sharing lessons learned and best practices in the area of digital asset compliance ,” said Gabriella Kusz, CEO of the Global Digital Asset and Cryptocurrency Association. “We believe in a modern approach to self-regulation which not only includes standards and guidance, and education and certification, but also supporting digital asset firms as they work to build systems, policies and procedures to mature the ecosystem, protect consumers and advance market integrity.” Financial institutions have dealt with uncertainty and “regulation-by-enforcement” for decades,” said Schifano. “The enduring lesson is to proactively set up reasonably designed governance frameworks while the policy debate continues. I look forward to participating in a network of compliance professionals who will cut through the noise and share best practices to support their businesses.” With heightened scrutiny on compliance programs, the importance of having...

What Did We Do? I Why Did We Do It? I How Did It Benefit Your Firm and the Industry at Large? 

Dear Colleagues, I wanted to take a moment to share this year' IMPACT 2022 Report and I strongly encourage you to deep dive into a few of the key sections (e.g., ROI for Membership, The Road to Self-Regulation, Balanced Regulation - Our North Star). IMPACT reporting is one way that we at the Global DCA communicate transparently and openly with Member Firms, Candidate Firms, Legislators, Regulators and Stakeholders. In doing so, we seek to answer a few very important questions: What did we do? Why did we do it? How did it benefit your firm and the industry at large? 2022 Key Milestones... Although this year was challenging, I wanted to highlight and applaud our Board, Advisory Board, Member Firms and broader Community of Industry Peers on the achievement of a few key milestones: We almost doubled our membership to 93, all which have been vetted and committed to our code of conduct We delivered $6 of value per $1 of member fees through our relentless drive to the commercial success of members We made 80 congressional visits to educate lawmakers and politicians on what balanced regulation looks like and the necessity for an independent self-regulatory organization (or SRO) We ran numerous consultations that have informed our robust SRO framework project and established our Steering Committee to drive Core Principles and responsible innovation in the digital asset industry. The Global DCA Takes ACTION to Make IMPACT... In other words, the Global DCA is taking ACTION to make IMPACT. Having worked in financial sector and economic reform previously, I...

City Week 2023

Registration is now open for City Week 2023! The 13th annual edition of the event will be held in-person at the Guildhall, London, and also streamed live on media channels, over three days between 24-26 April 2023. As in previous years, CW2023 is being organised in partnership with the UK Government, the City of London Corporation, TheCityUK, UK Finance and leading City institutions. Widely regarded as the premier gathering of the international financial services community, the programme reflects the boardroom agenda of leading financial institutions from across the world. City Week 2023 comprises three (separately bookable) days: Day 1: The Climate Change, Green Finance and Sustainability Summit Day 2: The Institutional Adoption and Regulation of Digital Assets Summit Day 3: The Digitalisation and Innovation in the Capital Markets Summit Like previous editions, this year’s forum will feature many well-known names from the global financial services industry, the world of politics and the international regulatory community. To view the agenda and list of confirmed speakers for CW2023, please visit the website here. Delegate Fees 1 Day Package - £595 + VAT 2 Day Package - £995 + VAT 3 Day Package - £1195 + VAT Global DCA members are able to obtain a 20% discount off the above fees! Simply use the following code to obtain your 20% discount: CITY14GLODCA Registration Website: https://www.cityweekuk.com/city-week-2023/begin?code=CITY14GLODCA Email: cityweekuk@cityandfinancial.com

Tim Massad & Howell Jackson – ‘How We Can Regulate Stablecoins Now Without Congressional Action’

Former CFTC Chairman Tim Massad and Harvard Law Professor Howell Jackson will discuss their white paper released on August 16, 2022 which featured a proposal to regulate stablecoins without new legislation. Listen to perspectives on emerging issues, key legal and regulatory challenges, and innovative products and services and gain insight relevant to your business and products! To download their white paper, click here. Any questions please let me know - if i need to move the due date I can so just let me know if you need more time!

Global Digital Asset and Cryptocurrency Association Organizes Steering Committee To Highlight Core Principles for Self-Regulation of Digital Assets

The Global Digital Asset and Cryptocurrency Association, the preeminent self-regulatory association for the digital asset and cryptocurrency industry, has organized a Steering Committee to elaborate on Core Principles for the self-regulation of customer-facing digital asset businesses. The Global DCA is calling on the industry to adopt such principles to address the causes of recent crypto business failures and to restore the industry’s tarnished credibility. The Global DCA Core Principles Steering Committee announces that the following regulatory and industry leaders have agreed to serve in the public interest as members of the Steering Committee: J. Christopher Giancarlo, Senior Counsel and Co-headof the Digital Works Practice, Willkie Farr & Gallagher / Former Chairman of the U.S. Commodity Futures Trading Commission (CFTC) Maggie Sklar, Partner, Davis Wright Tremaine / Former Senior Policy Advisor and the Director of International Engagement, Financial Markets Group, at the Federal Reserve Bank of Chicago / Former Senior Counsel at the Commodity Futures Trading Commission / Chairwoman of the Global DCA Public Policy & Regulatory Committee Renata Szkoda, Chief Financial Officer, INX / Chairwoman Global DCA Dawn Stump, Former Commissioner, U.S. Commodity Futures Trading Commission (CFTC) Carla Carriveau, Strategic Advisor/Director for crypto, fintech, and regtech startups, Former Senior Counsel and Executive Staff to Chair Mary Jo White, U.S. Securities and Exchange Commission Jamila Piracci, Founder, Roos Innovations / Former program lead overseeing the National Futures Association (NFA) regulatory program for swap dealers under the Dodd-Frank Act (2011 to 2019) / Former Attorney, Federal Reserve Bank of New York Amit Sharma, Founder & CEO, FinClusive / Former Head...

Global DCA’s Response to Request for Consultation on FSB’s Proposed Framework for the International Regulation of Crypto-Asset Activities

The Global Digital Asset & Cryptocurrency Association welcomes the opportunity to comment on the Financial Stability Board’s proposed framework for the international regulation of crypto-asset activities. GDCA applauds the process undertaken by the FSB to solicit public engagement on this important topic, and welcomes the opportunity to be part of the ongoing dialogue. When the FSB published the framework on October 11, 2022, it cited market events in the earlier part of the year that had exposed “a number of structural vulnerabilities” in crypto-asset markets and related businesses. Indeed, events like the collapse of the Terra/Luna project, the fall of Three Arrows Capital, and other events highlighted the need for significant standards setting, professionalization, regulation, and reform across the digital asset space. In light of this recent turmoil, where does GDCA believe the industry should go from here? Please click below to read the full response. CLICK HERE for the Full Response

An Open Letter to the Digital Assets Industry From the Members of the Global DCA

Crypto Association Calls for Urgent Industry Action - MarketScale From May 7th through November 11th, we have watched with dismay and horror as firms, once thought of as digital asset pioneers and leaders, have descended into catastrophic collapse. Luna, BlockFi, Celsius, Voyager, Three Arrows, FTX. In their wake, millions of customers are left with worthless claims. Many have had their savings wiped out. Still viable businesses are left teetering. More layoffs are announced daily. Those of us still standing, who believe in the potential of digital assets and have been playing by the rules, are angry at the recklessness, the ignorance and the greed that led to these collapses. No doubt all of us in the industry are processing these events and are devastated. The Global DCA believes that this dark moment presents an enormous opportunity for firms to come together and agree on a certain set of fundamental core principles. Principles that establish business practices that at their core seek to avoid, or at least mitigate, the occurrence of business failures that impact customers and the financial market at large. Interested firms can get in touch with us via emailing info@global-dca.org Please click below to read the full response. CLICK HERE for the Full Response