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Financial Services Law Insights and Observations

Virtual Currency Trade Group Announces Board, Annual Meeting

Virtual Currency

Fintech

On March 8, the Digital Asset Transfer Authority (DATA), a trade group launched last year and tasked by its members with “leading regulatory, best practices and consumer protection initiatives for companies in the emerging field of digital assets,” announced the election of a board of directors and its inaugural annual meeting. The group explains that digital assets include digital, asset-backed and cryptographic currencies like Bitcoin, Ripple, and Ven, as well as “the emerging ecosystem of payment innovations, fiscal tools, and P2P products enabled by these new Internet technologies.”