What is a Cryptocurrency Alliance?
A cryptocurrency alliance is an organization that brings together members from the blockchain and digital asset industry to collaborate on initiatives related to the development, adoption, education, and regulation of cryptocurrencies. Alliances are formed for both business-oriented as well as public policy goals.
The goal of these alliances can vary depending on factors such as geography or sector focus. Some aim at raising awareness about cryptocurrency by engaging regulators while others work with businesses in order to promote wider use of crypto payment solutions among merchants. There are also regional or global alliances working towards creating standardized rules and regulations regarding digital assets worldwide; those usually involve governments and financial institutions alongside private enterprises like exchanges, wallets providers etc.
Examples of prominent Crypto Alliances include:
– Blockchain Association – A US based lobbying group which works closely with lawmakers in order to create a favorable regulatory environment for distributed ledgers technology (DLT) applications including cryptocurrencies
– Global Digital Finance(GDF)- An international non-profit organization dedicated to promoting best practices within the global digital finance ecosystem through standards setting activities across all jurisdictions
– Libra Association – The governing body behind Facebook’s proposed stablecoin project Libra
