Renata Szkoda – Page 3 – Global DCA

Author - Renata Szkoda

CryptoConnection 2022 “Institutional Crypto Adoption – From Maverick to Mainstream”

While the past few years have focused on the potential around institutional adoption of crypto and digital assets, the past 6-12 months have seen first-movers give way to more traditional players as mainstream adoption and implementation has manifested value, benefits and opportunities to institutions. This year’s Crypto Connection Conference will explore the pathways for institutional crypto and broader digital asset adoption and the next wave of innovations, expectations and opportunities. Sessions will touch upon need-to-know trends and emerging subject areas including: Decentralized Finance, ETFs, NFTs and the Metaverse. Click HERE to REGISTER & LEARN MORE

Who’s Who In Crypto: Gabriella Kusz, Chief Executive Officer at Global Digital Asset and Cryptocurrency Association

What does crypto mean to you and what drew you to it? Crypto means transformation and evolution of the financial sector. As a professional who has spent a significant portion of her career ushering in financial sector transformation my ah-ha moment happened when I began to see the broader impacts of the industry as a first wave of the Fourth Industrial Revolution.  In my previous roles, I have supported countries in transitioning towards free-market economies or in diversifying their economies away from petrochemical industry reliance or in advancing transparency and accountability post-Arab Spring. Crypto is the tip of the iceberg and ensuring inclusive, participatory and representative engagement in our global financial future will require supporting broad financial sector transformation. What drew me to crypto was the opportunity to lend my global lessons learned, experience in capacity building and enhancing shared prosperity in an emerging and more impactful way. Read Full Article Here

Global Digital Asset and Cryptocurrency Association Appoints Gabriella Kusz to CEO Position – MarketWatch

The Global Digital Asset and Cryptocurrency Association, a self-regulatory association for the digital asset & cryptocurrency industry, is pleased to announce that Co-founder and Board Member, Gabriella Kusz has unanimously been appointed to the CEO position.  With nearly 20 years of financial services public policy experience and sustainable programming innovation successfully put into effect at government agencies and SROs globally, Gabriella will lead the association’s strategic plan to develop industry standards and best practices, implement education and certification programs to build human capacity, and advocate for a public policy and regulatory environment that facilitates innovation and protects consumers, stakeholders, and the broader public interest worldwide. Read Full Article Here

Self-regulatory organizations growing alongside new US crypto regulation – COINTELEGRAPH

SROs can eventually provide the “connective tissue” between the crypto industry and U.S. government as regulatory infrastructure forms. Federal regulation is necessary but not sufficient, Kusz said. Rather, a holistic approach to a regulatory framework is needed. “Regulatory bodies need to move away from an adversarial role toward community management to help shape an ecosystem that works,” she said. “I am not fearful” about regulation, she continued, “but optimistic. […] It will take multiple organizations to steward the industry and bring forward innovation. It’s not competitive.” Read Full Article Here

Balancing act: A report into the future of US crypto regulation – Currency.com

The need for new laws governing crypto is gaining support, amid confusion and uncertainty. With Republican-led proposals on one side and President Joe Biden’s working group and executive orders on the other, the importance of clear US crypto regulation is clearly being felt on both sides of the US political scene, albeit from different perspectives. Gabriella Kusz, chief executive of the US-based Global Digital Asset and Cryptocurrency Association, sees a higher impetus among Democratic politicians “to support the industry from a perspective of offering greater financial inclusion, access to finance and opportunity for traditionally underbanked or unbanked populations.” On the other hand, Kusz believes that Republican politicians have a “greater degree of alignment and understanding of the power of cryptocurrency to stimulate needed domestic industry innovation, job creation and economic growth.” Read Full Article Here

Is Crypto Fueling Corruption or Helping Citizens Flee It? – Blockworks

IMF study finds crypto adoption is more prevalent in countries with higher corruption and capital controls. But why?. The IMF report’s authors found both factors were practically indistinguishable in terms of their significance within the survey data. But the practical implementation of capital controls is itself a highly nuanced affair, according to Gabriella Kusz, CEO of the Global Digital Asset and Cryptocurrency Association. Just because capital controls exist doesn’t mean they are functioning well, she told Blockworks. “Consumers understand the degree of corruption inherent in their financial sector and economy and seek a financially inclusive, transparent and independent form of exchange through crypto,” Kusz said. Read Full Article Here

Global DCA Response – Response to OECD Crypto-Assets Reporting Framework and Amendments to the Common Reporting Standard

Through this response to the OECD Crypto Asset Reporting Framework (CARF), the Global DCA presented the following arguments: The Need for Secure Sharing of Data by Reporting Crypto-Asset Service Providers The Need to Support Decentralized Identity The Opportunity to Explore and Support Decentralized Tax The proposal then goes into provision of various recommendations noting that the Global DCA stands ready to collaborate with the OECD and its members to implement recommendations provided utilizing the Global DCA's broad member support to achieve tax reporting compliance while taking advantage of modern technologies to ensure vision of the right tax at the right time is realized. Please CLICK below to read the full response! CLICK HERE for the Full Response

Global DCA Response – US SEC Proposed Rule “Amendments to Exchange Act Rule 3b-16 Regarding Definition of an “Exchange”

Through this response to the US SEC "Global DCA Response - US SEC Proposed Rule "Amendments to Exchange Act Rule 3b-16 Regarding Definition of an "Exchange", the Global DCA presented the following arguments... (more…)

Global DCA Applauds ESMA Efforts to Support Distributed Ledger Technology (DLT) in European Financial Markets

Through this response, the Global DCA applauded the European Union's efforts to enable and support the application of Distributed Ledger Technology (DLT) to financial markets. We believe that DLT has the potential to significantly impact innovation and competition in financial markets. The European Securities and Markets Authority (ESMA) is absolutely correct in recognizing the potential that DLT has to improve securities settlements. In many ways, settlements illustrate a perfect use case for DLT and highlight the many benefits that may accrue to the European securities markets, financial sector, and economy. (more…)

Global DCA Welcomes Executive Order Drawing Attention to the Importance of Digital Assets

The Global Digital Asset and Cryptocurrency Association (Global DCA) is pleased that the Biden-Harris Administration has drawn needed attention to the importance of a stable, consistent, and workable regulatory framework with today's Executive Order on digital assets. We appreciate the Administration's acknowledgment of the benefits that digital assets can provide for everyone, including market participants and those outside the financial system like the unbanked and underbanked. As the Administration carries out the provisions of the Order, we are hopeful that all due care will be taken to ensure that the United States can maintain its position at the head of innovation in this critical new industry, while protecting consumers and the economy.  (more…)