Chicago, Illinois - March 31, 2023 - In an effort to foster the integrity of the blockchain and crypto assets industry, the Global Digital Asset and Cryptocurrency Association (Global DCA) and the CryptoCurrency Certification Consortium (C4) have created a memorandum of understanding that outlines the steps and conditions that both parties agree are necessary to achieve their mutual goals. This joint effort will allow the Global DCA and C4 to engage in activities that are of relevance to the crypto assets industry and work in tandem to maximize the reach of both entities with regards to engaging the public, press, and government officials.
“In an emerging industry - especially in the wake of FTX - helping institutions, consumers and the general public understand and differentiate between quality firms and non-quality firms is extremely important,” said Gabriella Kusz, CEO of the Global DCA. “Enterprise-level certifications such as the C4 CryptoCurrency Security Standard (CCSS) are important to helping provide clarity and give institutions an easy way to differentiate quality.”
“Making the cryptocurrency and digital asset space safer is a top priority for C4,” said Jessica Levesque, Executive Director of C4. “The CCSS is an easy to understand security score for crypto private keys that was created by cybersecurity experts. In 2004, the payment card industry - VISA, Mastercard, Discover, American Express- came together and created the Payment Card Industry Data Security Standard (PCI DSS), enabling legislators and policy makers to reference a standard built by experts. The CCSS does the same for the cryptocurrency industry, providing a clear, open, and free standard.”
The Points of Understanding laid out by the Global DCA and C4 are as follows:
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Engage in Dialogue
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Develop Joint Activities
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Seek to Coordinate and Harmonize Policy Responses
About the Global Digital Asset and Cryptocurrency Association
Global DCA devises standards and consensus-based solutions that address the major challenges facing the digital asset and cryptocurrency industry. The organization collaborates with stakeholders around the world, industry leaders and policymakers to support the growth of the global digital economy. Global DCA's mission is to promote and strengthen the digital asset and cryptocurrency industry, protect the public interest, and maximize legitimate economic opportunity for all participants in the global digital economy.
Global DCA advocates for a regulatory environment that facilitates innovation and protects consumers, stakeholders, and the broader public interest world-wide. Integral to the Global DCA’s global approach to engagement with stakeholders is the respect and leadership by national jurisdictional SROs and trade associations to the support provided by the Global DCA.
For more information, see https://global-dca.org/
About the CryptoCurrency Certification Consortium (C4)
The CryptoCurrency Certification Consortium. is a non-profit organization that develops educational resources, standards, and certifications. C4 curated the first ever CryptoCurrency Security Standard, which provides an easy-to-understand security rating for private key management. The CCSS is open and free for anyone to use, but in order to prove compliance, a system must be evaluated by a certified CCSS auditor and certified by C4.
C4 administers the Certified Bitcoin Professional (CBP), Certified Ethereum Professional (CEP), and CryptoCurrency Security Standard Auditor (CCSSA) designations for professionals in the cryptocurrency and crypto-adjacent industries.
For more information, see https://cryptoconsortium.org
Media Contact
Company Name: Global Digital Asset and Cryptocurrency Association
Contact Person: David Triana
Email:Send Email
Phone: 2397381052
Country: United States
Website: www.otterpr.com
