News Updates

Global Consumer Best Practices Guidelines from DATA

The DATA Consumer Best Practices Working Group, under the leadership of the CBP Chair Judith Rinearson, the DATA board and input from the DATA community, have formulated the first set of global guidelines on matters related to consumer best practice issues for companies operating in the digital asset industry. The draft guidelines offer a nuanced look at …

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European Securities and Markets Authority – Virtual Currency Response

In April 2015, the European Securities and Markets Authority (ESMA) issued a Call for evidence on questions surrounding the development of technologies enabling investment with virtual currencies or distributed ledger technologies. DATA’s comprehensive response covers a variety of use cases and scenarios for digital assets in the securities markets, and provides feedback citing real-world examples from members …

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Key Date: August 8th for NYDFS BitLicense

A reminder to DATA member companies and the digital currency community in general: recently announced BitLicense rules from the New York Department of Financial Services are scheduled to take affect August 8, 2015, following a 45 day waiting period announced on June 3, 2015. Download a copy of the regulation guidance here.

Global AML / KYC Draft Guidelines from DATA

The DATA Compliance Working Group, under the leadership of the AML/KYC Chair Juan Llanos, the DATA board and input from the DATA community, have formulated the first set of global guidelines on matters related to anti-money laundering and know-your-customer issues for companies operating in the digital asset industry. The draft guidelines present a suggested global …

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DATA at the Liquidity Summit with Bloomberg and Hub Culture in London April 17

DATA is a partner for the upcoming Liquidity Summit with Bloomberg and Hub Culture, to be held April 17 in London. Hub Culture, the platform managing Ven, is teaming up with Bloomberg for the 3rd Liquidity ~ The Summit on New Finance, taking place in London on April 17, 2015. The day features leaders in …

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DATA Comments to Conference of State Bank Supervisors

DATA has submitted comments to the US Conference of State Bank Supervisors, detailing recommendations and viewpoints on pending rules for digital assets, including digital currency. The comments come after a detailed review of the CSBS proposed rule making, with conversation and interactions between DATA and the CSBS setting the stage for productive engagement. View the …

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DATA Member Review

Since DATA’s inception last year, the digital asset landscape has grown and changed significantly. With these developments have come a growing consensus around standards, best practices and engagement, led in large part by the 40+ member companies of DATA. To help us measure these developments, we’re asking all members to complete the first DATA Annual …

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The Standards Workshops with DATA

The Standards Workshops with DATA. Working with leading universities, researchers and industry representatives, the DATA Standards Workshops are a collaborative effort to determine leadership principles in the fields of digital assets.  Following the first workshop in January 2015, hosted by Harvard’s Berkman Center for Internet and Society and the MIT Media Lab, work is underway for …

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Strengthening Global Reach with Prime Policy Partnership

The Digital Asset Transfer Authority (DATA)  has partnered with bipartisan Washington, DC-based Prime Policy Group to assist in the day-to-day operations of the Authority and help oversee its educational, policy and industry outreach activities. Under the agreement, Prime Policy’s Chris Mitchell will serve as the Executive Director of DATA. “We are thrilled to have the …

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DATA and ID3 with MIT Media Lab Partner on New Digital Identity Frameworks

The Digital Asset Transfer Authority (DATA) in collaboration with ID3, the MIT Media Lab and over 21 digital asset companies have jointly endorsed a new framework for digital identity, trust and open data. Read the full announcement here. ID3 is a founding member of DATA, and over the last year work among DATA Board Members …

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New York State Department of Financial Services Proposed Rules: Highlights

The New York State Department of Financial Services  has issued a proposed comprehensive regulatory framework for virtual currencies. The report covers licensing, application and fees, compliance, capital requirements, custodial issues, record keeping and examinations, disclosures, AML/KYC, cyber security, disaster recovery, advertising, consumer protection, complaints and more. The proposed rules include a 45 day period from …

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Meet the DATA Annual Meeting Speakers

The DATA Annual Meeting provides members and community stakeholders the opportunity to work on strategic development in the digital asset industry. Keynote: Benjamin Lawsky, New York State Superintendent of Financial Services Keynote: David Andolfatto, Vice President, Federal Reserve Bank of St. Louis Adam Shapiro (Director, Promontory Financial Group, ex-Chief of Staff, UK FCA) Berin Szoka, …

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DATA Announces 2014 Board of Directors

The Digital Asset Transfer Authority (DATA) is pleased to announce the 2014 Board of Directors. Constance Choi, General Counsel, Payward Inc. (Kraken), and first interim DATA board member said, “DATA is thrilled to have a strong collective leadership, particularly at this critical juncture in the organisation’s formation. DATA will focus on publishing best practices in …

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The Announcement

The Announcement Statement of the Committee for the Establishment of the  Digital Asset Transfer Authority July 30, 2013 At the forefront of emerging payments, virtual currency, and other financial technology innovations, our companies are pioneering new services with potential to reduce the friction and cost of payments substantially and make low cost payment services available to hundreds of …

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