VASPs reach consensus to form Global Cryptocurrency Association

According to the latest report, an initiative has been taken in order to launch a Global Cryptocurrency Association by signing a Memorandum of Understanding (MoU) in Osaka in the recently held V20 summit. The entity is likely to represent several signatories in the industry. The Japanese trade association that represents the local VASP signed the agreement with several other associations including the Singapore Cryptocurrency and Blockchain Industry Association (ACCESS), Korea Blockchain Association (KBCA), Australian Digital Commerce Association Ltd. (ADCA), Taiwan Parliamentary Coalition for Blockchain (TPCB) and Hong Kong Blockchain Association (HKBA) are among the signatories of the agreement. The signatories