The New York State Department of Financial Services has issued issuing a proposed comprehensive regulatory framework for virtual currencies.
Since November 2013 DATA has been working on a bilateral basis with influencers and regulators in the digital asset space to outline opportunities, to better understanding, and to unite the industry around sensible outcomes for development of digital asset technologies.
DATA is a 501(c)6 Delaware organization with primary bases in Washington DC and London, tasked with leading regulatory, best practices and consumer protection initiatives for companies in the emerging field of digital assets. Digital assets include digital, asset-backed and cryptographic currencies like Bitcoin, Ripple and Ven, along with the emerging ecosystem of payment innovations, fiscal tools, and P2P products enabled by these new Internet technologies.
Together, digital assets account for over $7 billion in present economic value, with the market expected to create over $1 trillion in new value by 2020. DATA is comprised of over 30 firms and individuals worldwide.