Bloomberg: Major Crypto Traders Meet to Establish Industry Blacklist, Standards

Cointelegraph

Published May 08, 2019 05:25PM ET

Updated May 08, 2019 05:42PM ET

Bloomberg: Major Crypto Traders Meet to Establish Industry Blacklist, Standards

A group major cryptocurrency traders is considering the idea of creating a blacklist of counterparties engaged in nefarious activities in the crypto space, Bloomberg reported on May 8.

At a meeting in Chicago on Tuesday, a group of traders from 35 digital assets firms including such industry players as trading firm DRW Holdings Inc.’s Cumberland crypto unit, Mike Novogratz’s Galaxy Digital Holdings, and tech startup Ripple proposed to create a blacklist for parties who reneged on trades and engaged in dubious activities.

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