DeversiFi Assist EU in Digital Asset Regulations

DeversiFi Assist EU in Digital Asset Regulations

After re-branding from Ethfinex officially earlier this month, DeversiFi has flown to Brussels in order to assist a new EU Commission division which focuses on the regulations to involve crypto assets and blockchain .

They took aboard this role due to their being members of the blockchain advocacy, education and communications organisation, DAIA (Digital Asset Industry Association), described by the platform as the “Voice of The Global Digital Assets Industry”.

They met up with a division of the EU, known as the Directorate General of Communications, Networks, Content and Technology, which strives to build on their existing knowledge of the blockchain industry, how it functions and how they can better regulate it.

Why Now?

These discussions following what has been described as “Cambrian Explosion”. Whereby, the expansion of crypto firms and technologies has expanded at a rapid rate over the last couple of years. This has drawn the attention of countless big-names in the business and financial world, not to mention, whole governments, such as a Germany, Switzerland and much further afield too.

 Naturally, the EU are also one major organisation looking to understand better how it works, and who better to hear it from than the horse’s mouths itself. Thus, the meeting took place between DeversiFi, as well as a series of other blockchain and crypto focused organisations. Ultimately, with the goal to seek create “crypto-friendly regulatory frameworks that serve to encourage and not hamper growth.”

What Was Discussed?

Ultimately, Deversifi has outlined three main key talking points which are as follows:

  • The primary goal was to create an attractive environment for businesses, giving reasons for them to remain in EU jurisdiction
  • Discussed latest policy issues around implementation of FATF standards and AML risks for blockchain/DeFi businesses
  • The professionalisation of the sector through appropriate regulatory standards that are sensitive to the features of the underlying technology and the future potential of the asset class

Plus, much more!

Just the Beginning

However, it is expected that this is just to be the beginning of future discussions and conferences surround the world. Not to mention a whole new era in the Ethfinex story, as they progress to on and become their own autonomous exchange platform.

If you are yet to experience what the DeversiFi has to offer, then you should check out their platform now or read our coverage of their new-look platform to see how why they have changed and what it bodes for their future as a cryptocurrency exchange.

Ready to join our tribe?

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Recently Similar News

Latest Guides

Latest News


Cryptocurrency Market Cap Jumps Past $2 Trillion

Cryptocurrencies continue to make headline news around the world as the total market cap surpassed $2 trillion on Monday. Supported by increased interest from institutional investors, celebrities, and retail investors, digital coins are now worth more than Apple Inc. Bitcoin has, once again, played a major role in the sector’s market cap. The world’s first […]

6 April, 2021
Digital Currency,Ethereum,Stablecoin

VISA Set To Support Cryptocurrency Settlements

The global payments corporation, VISA, announced on Monday that it is making preparations to allow USD Coin (USDC) to settle transactions within its network. This move is being viewed by industry analysts as yet another clear sign that cryptocurrencies are being accepted by major institutions within the traditional financial industry. USDC was selected by VISA […]

30 March, 2021

CasinoFair Temporarily Shuts Down Amid Network Congestion

The popular cryptocurrency casino, CasinoFair, has announced in a recent blog post that it will be temporarily stopping its gaming services. Citing unsustainable congestion on the Ethereum network as the main reason for this pause, the casino reassured its players that it is “actively researching solutions and hope to be back with a new range […]

26 March, 2021

Significant Bitcoin Drops As Coinbase Announces IPO

The cryptocurrency market is back in turmoil following yet another volatile week where Bitcoin almost reached a record-breaking value of $60,000. Bitcoin drops are nothing new, but the recent 25% decrease has caused panic amongst even traders with an experience of major currency fluctuations. The latest drop comes as Coinbase, one of the world’s largest […]

1 March, 2021

Trezor Warns Users About Fake Mobile App

Trezor is warning users of a malicious mobile application featured on Google Play which appears to be associated with the wallet provider. At least 1,000 users have already downloaded this software, and it is likely that some have unwittingly provided their seed phrase to unlock their funds. Both Trezor and SatoshiLabs have confirmed the existence […]

26 January, 2021

eToro Temporarily Raises Minimum Deposit To $1,000

For the past few weeks, the increase in Bitcoin’s price has led to a massive interest in cryptocurrency trading. eToro has been overwhelmed by new registrations and has decided to temporarily raise the minimum deposit from $200 to $1,000. Although 2021 has barely gotten started, it promises to be an exciting time to invest in […]

11 January, 2021

Global Cryptocurrency Market Value Surpasses $1 Trillion

Thursday has proven to be a monumental day for cryptocurrencies as the world’s combined value tops the $1 Trillion mark. Energised by a substantial rise in the value of Bitcoin in recent months, the volatile crypto market has reached a once-unreachable value. Following the latest Bitcoin Halving in May 2020, the world’s largest digital token […]

10 January, 2021

Victory over virus: SiGMA Virtual Expo hosts 100+ exhibitors

SiGMA Europe and AIBC Virtual Expos launch with record breaking attendance, providing a cure to the industry’s events sector In the light of this year’s changes in our everyday lives, SiGMA was close to having to stop doing what it does best; creating networks for people through the company’s iconic physical events, but luckily, the […]

26 November, 2020