Global Digital Finance (GDF), an international crypto industry body, has published a set of ethical rules for initial coin offerings (ICOs) and exchange operators, according to a press release on Wednesday. The organization, launched in March in London, has as its founding members Coinbase, Circle, ConsenSys, R3, DLA Piper, Diginex, and Hogan Lovells.

The GDF package consists of a Code of Conduct and a supporting Taxonomy for Cryptographic Assets that set up ethical and professional standards for investor protection, risk management, and relationship with customers. GDF has created the rules with existing legal and regulatory frameworks in mind to ensure that digital currency businesses abide by international laws.

“Digital assets are global and no one jurisdiction has authority over the entire sector. The Code provides industry adopters a supranational toolbox to demonstrate to global regulators that they are good citizens,” GDF co-founder Jeff Bandman s…

This article appeared first on Cryptovest

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