Copy link
Increase text size
Decrease text size
Link copied

eToro, Radar and OKCoin join Coinbase-led Crypto Rating Council

Fri, 17 Jan 2020, 09:28 am UTC

The Crypto Rating Council (CRC), an organization launched last October, has welcomed eToro, Radar and OKCoin as new members.

Last year, Coinbase, along with Anchorage, Bittrex, Circle, DRW Cumberland, Genesis, Grayscale Investments, and Kraken, formed the CRC to help traders comply with U.S. federal securities laws.

"OKCoin, RADAR, and eToro join eight other industry leaders in the CRC’s continuing mission to provide a more systematic U.S. securities law analytical framework for crypto assets. CRC members are committed to the responsible growth and maturation of crypto asset markets and share a belief that practical compliance tools can accelerate the growth of our industry," the CRC said in an online post.

Juan Suarez, VP and general counsel at Coinbase who is also working with the CRC, told CoinDesk that the new members will boost the legal and technical information that the organization can utilize.

He revealed that the ratings are reviewed by every CRC member before made public, adding that each asset is listed by at least one group. The assets are rated on a scale of 1 to 5 with 1 meaning that the asset has few or no characteristics consistent with treatment as a security under U.S. laws.

On Thursday, five new assets were rated. Both cosmos (ATOM) and livepeer (LPT) received a score of 3.75, ethereum classic (ETC) scored 2 while dash (DASH) and horizen (ZEN) were rated 1.

"We have also revised the summaries of each published rating to provide more specific statements of facts, as we understand them, relevant to the CRC’s analysis for each asset. These facts are meant to provide a general overview of the crypto asset and associated project," the CRC said.

The CRC has been criticized for the lack of transparency when it comes to how they evaluate the assets. Suarez guarantees that they are working on it.

“We’re going to release the framework in the hopes that it creates a useful discussion for the industry and we’re going to recruit more members,” he continued. “We just want to make sure we release the best and final work product possible.”

Suarez added that they want to make sure that their evaluation process is scalable and easy to use by the legal teams at exchanges.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Moses
  • 2020.05.04 04:19:01
I am a cryptocurrency trader and i make over 200% daily, If you are interested,i can teach you how to trade and also help you achieve your goal in life with crypto i can turn
$4500 into $35000 in less then four weeks,now that bitcoin has low prices...please note that cryptocurrency trading is bitcoin unlike binary and Forex,bitcoin is traded for altcoins also you can reach to me if you are new to bitcoin and to give you more info and guideline on how to invest smartly, this is opportunity life time knocking on your door inbox me for more info....contact me on whatsapp :+12067425358 happy new year to you all
  • 0
  • ·
  • 0
More
  • Bitcoin (BTC) $10,896.90 (+1.45%)
  • Ethereum (ETH) $368.71 (+3.71%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $232.19 (+2.16%)
  • Binance Coin (BNB) $28.97 (+2.21%)
  • Bitcoin (BTC) $10,896.90 (+1.45%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft