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Cryptopolitan 2019-07-12 21:50:21

Virtual Commodity Association heading full steam ahead to Self Regulation

According to the latest report, Virtual Commodity Association (VCA), a U.S-based consortium that is in the process of establishing a Self-Regulatory Organization (SRO) has launched six committees that will be responsible for providing standards, enable sound practices and for the regulatory oversight of the crypto industry. Currently, the VCA comprises of cryptocurrency exchanges including Bittrex, BitFlyer, Gemini, and Bitstamp. Moreover, the objective to attain the status of SRO by VCA is for formalizing its mission to protect the crypto investors from the U.S. The establishment of the six committees is to address the challenges of the industry that have been