Cryptocurrencies
Crypto Traders Ponder Blacklist to Keep Scammers, Thieves at Bay
- Digital firms discuss fraud prevention at Chicago gathering
- Accreditation of companies in good standing also considered
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The biggest cryptocurrency traders are calling time on the horde of con artists and criminals that have flocked to their largely unregulated market.
Firms including DRW Holdings Inc.’s Cumberland crypto unit, Mike Novogratz’s Galaxy Digital Holdings and Ripple discussed creating a blacklist of counterparties known to renege on trades or engage in nefarious activities, at a gathering Tuesday in Chicago. An alternative suggestion was to establish an accreditation of firms in good standing as approved by a loose association of crypto businesses known as the Crypto OTC Roundtable Asia, or CORA.