Square, Fidelity, and Coinbase launch a crypto alliance to educate policymakers worldwide

SourceBusiness Insider
SectorFinancial Markets
CountryMiddle east

Square, Fidelity, Coinbase, and other financial institutions announced on Tuesday the formation of a group meant to boost the potential of cryptocurrencies by educating policymakers, regulators, institutions, and individual investors on the benefits of digital assets, which have seen exponential growth in recent years. The Crypto Council for Innovation is made up of the leading names in the cryptocurrency space, as first reported by The Wall Street Journal. The CCI was convened by San Francisco-based investment firm Paradigm, which focuses on cryptocurrencies. "This work will require sharing insights and analysis about crypto while correcting the misperceptions that inevitably accompany a transformative new technology," Gus Coldebella, chief policy officer at Paradigm and one of the organizers of CCI, said in a statement. "We know that crypto holds immense promise for spurring economic growth and creating jobs, improving financial inclusion and access, and enhancing privacy and security - and that promise transcends borders." The alliance said it will focus on policy priorities, convening the industry's...read more...