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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

NOW AVAILABLE – Global DCA 2021 Impact Report – Building the Foundation for Responsible Innovation

This year - 2021 - was a year of intense focus on building a solid foundation for the future of the Global DCA. Using the IOSCO Model for Effective Self-Regulation as a guide, we leveraged global and established practices proven within self-regulatory entities and drew upon long-standing standards and codes of conduct to build a strong system of governance built upon the principles of integrity, accountability and transparency. To this end, the Global DCA 2021 Impact Report details our focus, key achievements from the past twelve months and a preview of organizational strategic orientation for the 2022 fiscal year. As we step into 2022, the Global DCA Membership is energized and committed. As an organization, we are well positioned to build upon the strong foundation we have laid this past year and passionate about our mission as we observe the continued rapid evolution of the next wave of digital asset evolution. We thank our Board, Advisory Board, Members and Affiliates for being part of the first chapter of the Global DCA and we warmly welcome you to be part of the next chapter in our story. Read Impact Report

Global DCA Applauds the US FASB Decision to Advance Digital Asset Research

The Global Digital Asset and Cryptocurrency Association (Global DCA), the digital asset self-regulatory association applauds the decision of the US Financial Accounting Standards Board (FASB) to include digital assets in its upcoming research agenda. CHICAGO, Dec. 17, 2021 /PRNewswire/ -- The Global Digital Asset and Cryptocurrency Association (Global DCA), the digital asset self-regulatory association applauds the decision of the US Financial Accounting Standards Board (FASB) to include digital assets in its upcoming research agenda. The Global DCA has been actively engaged in raising awareness of the need for enhanced standards and guidance around the reporting for digital assets under US Generally Accepted Accounting Principles (US GAAP), and in September initiated an industry-wide effort to engage stakeholders as well as other industry groups in a discussion on these important issues as well as potential solutions. Today, in response to industry-wide feedback provided through the formal Invitation to Comment, the FASB announced that it will be pursuing research into accounting for exchange-traded digital assets and commodities. For additional information please read the full press release HERE.

Congratulations to New Global DCA Officers, Board Directors and Committee Chairs!

A thank you to all of our Global DCA Full Members for taking the time to cast their ballots and help welcome our new Board of Directors. Election results were unanimous in favor of the slate presented during our Membership Meeting held on November 5th, 2021: Renata Szkoda (Chair - Full Member - Galaxy Digital) Gabriella Kusz Jenna Wright  (Full Member - LMAX Digital) Noah Baalessanvu (Full Member - CryptoSavannah) Kristin Boggiano (Full Member - CrossTower) David Nuelle (Full Member - Hehmeyer) David Carman (Full Member - Fintank) Independent (Open Seat) Pat Daugherty (Affiliate Member - Foley & Lardner) Tony Pettipiece (Affiliate Member - GRIP (DIFC) Investments) Committee Appointments The Global DCA is proud to welcome our new officers which were unanimously approved during the first Board meeting held on December 2, 2021: Treasurer: Thomas Bakas (RPM Financial Markets Group) Secretary: Bjondi Dervishi This past week the new Board of the Global DCA confirmed the following individuals to lead the four committees of the Global DCA. As a representative body, the Global DCA functions through its four committees to execute on its strategic plan and ensure a member-driven approach to its operations and functions: Conduct & Discipline Committee: Matthew Lisle (Galaxy Digital) Education, Training and Certification Committee: Ayla Kremb (Diffuse VC) Membership Committee: Brett Ladendorf (IASG Fund Services) Public Policy and Regulation: Michael Frisch (Croke, Fairchild, Morgan and Beres) US Advocacy Sub-Committee: Matthew Lisle (Galaxy Digital) and Gabriella Kusz

Newest Global DCA Member Establishes PinkPanda Holdings as Cryptocurrency Regulation Leader

Oct 21, 2021 (AB Digital via COMTEX) -- CHICAGO, IL - OCT 21, 2021 - Pushing to the forefront of a currently self-regulated industry, Pink Panda Holdings, Inc. has recently become the newest corporate member of the Global Digital Asset & Cryptocurrency Association (Global DCA). Fortifying their efforts to make cryptocurrency more accessible with their upcoming mobile app wallet launch, Pink Panda’s company values and regulatory strategy closely align with the Global DCA’s mission to advocate, educate, and facilitate the evolution of the cryptocurrency and digital asset industry. Read Full Article HERE: https://www.marketwatch.com/press-release/newest-global-dca-member-establishes-pinkpanda-holdings-as-cryptocurrency-regulation-leader-2021-10-21