Chamber Of Digital Commerce Token Alliance Wants To Govern Cryptocurrencies

Over the past two years - give or take - virtually every mention of digital currencies, cryptocurrencies, tokens, and coins have been accompanied by sentiments of worry, distaste, and skepticism all across news media outlets around the world. One of the most unique aspects of cryptocurrencies and how they set themselves apart from fiat currency is that most digital currencies maintain the ability to keep others from tracking their use of such cryptocurrencies. Further, many proponents of cryptocurrencies have been, are, and largely will be in support of decentralization; central banks that engage in monetary policy protocol like quantitative easing, a measure that keeps inflation in check so United States Dollars, for example, don't hyperinflate into Zimbabwean Dollars! Finally, for the first time in the relatively short history of cryptocurrencies, an independent agency has come forth with the primary goal of regulating the industry so that less fraud will happen, fewer digital currencies will plummet in price after consumers' widespread poor treatment of such cryptocurrencies, and the industry of digital currencies - particularly cryptocurrencies, tokens, and coins - will be better for everyone involved. On July 30, 2018, the Chamber of Digital Commerce Token Alliance published a list of the guidelines the group has proposed to accomplish "responsible growth" throughout the worldwide market of cryptocurrencies. The Chamber of Digital Commerce was founded four years ago by Perianna Boring; its two-day-old publication touches three bases that all users of cryptocurrencies should be concerned about: First, five of the largest, most economically-powerful cryptocurrency and digital token markets have their regulatory frameworks examined. The second point of the regulatory proposal describes several principles for the proper distribution of cryptocurrencies that are not meant to be used as financial instruments. Lastly, the proposal then examines the self-described "global token landscape" and peers into the economics related to it.

Now-former Commissioner of the United States Securities and Exchange Commission - the SEC is the world's leading regulatory agency for all things related to financial instruments and stores of value like cryptocurrencies - Paul Atkins said that the move "strikes the right balance between protecting investors while allowing ... innovation."