Launch of the Global Cryptoasset Standards

Dear ACI FMA Councillors,

We are pleased to inform you that, today, the Global Cryptoasset Standards have been launched by GBBC Digital Finance (GDF).

The Standards are a code of conduct for financial institutions engaging in intermediation activities such as brokerage, custody, and settlement of cryptoassets like bitcoin and Ethereum.

This document was inspired by global best practice industry standards and codes, such as the FX Global Code, and it offers robust industry best practices to ensure regulated firms meet the highest standards of conduct when handling cryptoassets.
ACI FMA, as a participating member of the Global Financial Institutions for Cryptoassets Working Group that took the leading role in the concept, development and implementation of these Standards, is extremely proud to have collaborated on these important guidelines for all Market Participants in the Cryptoasset Market.

As with other industry Codes, we believe that continuous education and attestation are fundamental for demonstrating ongoing adherence to and implementation of these guidelines by all Market Participants’ staff involved in Cryptoassets. Therefore, we have agreed with GBBC Digital Finance (GDF) for the Global Cryptoasset Standards to be also integrated in our ELAC Portal, for E-Learning, Attestation and Certification, together with related Questions and Scenarios that enhance the educational activities included in ELAC.

We would like to thank the valued members of ACI FMA for continuing to be longstanding proponents and influencers, to all professionals in financial markets, of the highest standards of ethical and professional conduct and of good market practices.
To access the full Press Release from GBBC Digital Finance (GDF) and to access its Global Cryptoasset Standards, please click on the following link: https://www.gdf.io/code-standards/

Kind regards,

Kim Winding Larsen
ACI FMA President