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The Crypto Market Integrity Coalition (CMIC) has announced the introduction of eight new members. announced The organization currently has 38 members.
Members of CMIC are committed to maintaining the integrity and efficiency of what the organization calls the marketplace.
Gives a unified voice to the crypto industrys commitment to continuously improve market integrity and cooperation with regulators.
According to the statement, CMIC is also developing market integrity training for digital asset markets to help compliance professionals combat manipulation.
CMIC’s new members include digital asset trust and security company BitGo, cryptocurrency exchange Bittrex, blockchain analytics platform Crystal Blockchain, fintech companies FinClusive and Oasis Pro Markets, and Web3 risk mitigation platform Merkle Science. , digital asset platform Tokenomy and forensic service provider VAF Compliance.
.@FinClusiveCap We are proud to join the Crypto Market Integrity Coalition (CMIC). We look forward to working together to raise the bar and enable the growth of secure and regulated crypto.go to https://t.co/2suE9kovi1 join the effort #CryptoMarketIntegrity
Amit Sharma (@ASharma_VT) September 29, 2022
CMIC is the brainchild of market surveillance firm Solidus Labs. Asaf Meir, co-founder and CEO of Solidus, said, “More than ever, the potential of cryptocurrencies depends on their ability to mitigate new risks and provide demonstrable market integrity. It is clear.
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It was founded in February with 17 members including names like Coinbase, Circle, Huobi Tech and CryptoUK. In April he was joined by his second cohort of 13 members in his CMIC.
CMIC is one of many self-regulatory organizations (SROs) established without delegation of authority from a regulator. His CryptoUK, a CMIC member, was the first of his SROs to be established in 2018, with similar organizations established in Japan and South Korea later that year. The Japan Blockchain Association has 127 members as of June 2022.
Some of CMIC’s pledges are:
We seek to support and participate in digital asset markets that demonstrate market integrity. [] Digital assets and market structures for digital assets can present new forms of market activity and market manipulation. We agree to continually educate ourselves about these unique challenges and how to address them.
