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According to a press release issued Nov. 27, the cryptocurrency research company, Messari, is launching a registry of basic information disclosure on cryptobadets.
Messari is a New York-based startup that provides information, market data and research tools on the cryptography sector to investors, regulators and the general public. In March, Messari obtained initial funding of $ 1 million to $ 5 million for the launch of its disclosure database, according to Forbes.
Following Messari's recent announcement, the company launched the Open Source Disclosure Registry, which aims to become a "one-stop source" of basic information about cryptobadet. Twelve initial partners have also joined the project, including industry players such as the Civic Secure Identity Civic Society and the Aion blockchain protocol.
During the creation of the database, Messari will supposedly collect the basic information voluntarily communicated by the participating parties concerning the design of their chips, the details of their supply, technical problems, as well as investors and advisers. The profiles would have no access within the industry. The press release further explains:
"With the launch of the Messari registry, token projects will finally have a common platform that will help them better communicate material updates to both their existing communities and external stakeholders …" "
Ryan Selkis, CEO of Messari, said that transparency is essential to the development of the crypto-economy. He pointed out that participating projects "share our vision that the information they provide should remain freely available to all market participants, rather than being stuck behind the wall of payment." single data provider ".
Other organizations in the cryptocurrency sector have also formed self-regulatory and development organizations. In April, sixteen licensed Japanese exchange traders took steps to launch the Japanese Cryptocurrency Exchange Association (JCEA). Projects began to appear in February from two industry entities whose members now form the JCEA – the Japan Blockchain Association (JBA) and the Japan Cryptocurrency Business Association (JCBA).
A study by the international law firm Foley & Lardner LLP in June found that 86% of executives and investors in cryptocurrency companies wanted the industry to self-regulate. In total, 89% of respondents acknowledged the need for "formalized" self-regulation, with a slightly lower majority believing that these formalized standards should be subject to regulatory oversight by the authorities.
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