ETA publishes “5 Guiding Principles for Cryptography”

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WASHINGTON, Sept. 14, 2021 / PRNewswire / – The Electronic Transactions Association (ETA) today released its “5 Guiding Principles for Crypto,” which should guide policymakers in reviewing any new laws and regulations relating to crypto. crypto assets.

As a trade association that represents the breadth of the payments industry, ETA has deep expertise in payments technology, including the use of cryptocurrencies, blockchain, and other technology related to payment. cryptography to facilitate payment transactions (cryptoassets).

“At ETA, we are engaged in ongoing conversations within the industry and with policy makers on the promises and challenges of cryptoassets,” said Jodie Kelley, CEO of ETA. “The proliferation of crypto assets has sparked repeated calls for regulation, and our ‘5 Guiding Principles for Crypto’ provide a common set of principles against which all proposed government policies should be measured.”

As policymakers consider new laws and regulations for crypto-assets, ETA believes they should carefully consider the following five principles:

Correctly define crypto assets Adapt regulations to the risk profile of the participant / activity Ensure consumer protection Align with existing regulatory frameworks Encourage responsible innovation

Download ETA’s “5 Guiding Principles for Cryptography” here.

About ETA The Electronic Transactions Association (ETA) is the world’s leading defense and trade association for the payments industry. Our members span the spectrum of major payments and fintech companies, from the largest incumbents to emerging disruptors in the United States and in more than a dozen countries around the world. ETA members make commerce possible by processing approximately $ 22.5 trillion per year in purchases worldwide and deploying payments innovation for merchants and consumers. For more information, visit electran.org.

Media Contacts: Joe Feese Senior Director, External Communications[email protected]202-677-7401

Scott TalbottGovernment Affairs VP[email protected]202-677-7403

SOURCE Electronic Transactions Association (ETA)

Related links

https://www.electran.org

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