Transparency International Standards in cryptocurrency refer to guidelines established to promote openness, accountability, and integrity in the use of digital assets. These standards aim to combat issues like fraud, money laundering, and corruption.The guidelines emphasize the need for clear, accessible information regarding cryptocurrency transactions and platforms. They encourage exchanges and wallet providers to disclose their operational practices, risk management procedures, and measures taken to prevent illegal activities.Moreover, these standards advocate for user education, ensuring that individuals understand the risks and responsibilities associated with digital currencies. By promoting transparent practices, the aim is to build trust among users and regulatory bodies.Ultimately, adhering to these standards can lead to a safer and more reliable environment for participants. This fosters greater adoption and creates a more stable ecosystem for cryptocurrencies, benefiting everyone involved.
Ripple, Absa Partner to Launch Digital Asset Custody in South Africa
Ripple has entered a strategic partnership with Absa Bank to provide digital asset custody services to customers in South Africa,