Crypto News Weekly 30.11.18: London’s FCA Gets Tough on Crypto, Crypto Code of Conduction from New Alliance

Crypto code of conduct from new alliance

10 major players in the digital assets industry have come together to form the Association for Digital Asset Markets (ADAM) and have published their own code of conduct as a blueprint for the industry .Amongst the firms involved are Paxos (with their new dollar pegged stablecoin) and Mike Novogratz’s bank, Galaxy Digital.

They say their aim is to work with current and former regulators to develop comprehensive standards that cover Know Your Customer, Anti–Money Laundering (AML) policies, custody, record keeping, clearing and settlement, market manipulation, data protection, and research.

Galaxy Digital also recently announced their Quarter 3 results which amounted to a loss this year of $ 136 million, with Mike Novogratz expressing his frustration saying that building the business amongst the current carnage, sucks.

London’s FCA to crack down on 50 traders

The United Kingdom’s Financial Conduct Authority, the FCA (think SEC for Great Britain) has revealed it is now investigating 50 c…

This article appeared first on Cryptovest

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