New Digital Assets Markets Association Releases First Conduct Code
ADAM members will commit to best practices and elevate their niche's integrity
All financial markets are complex and rely on clear rules and practices to maintain investors’ confidence. When the transactions are in digital assets—from cryptocurrencies to digital securities—that’s a new level of abstraction for market participants to navigate. Now, a year-old association is working to define best practices and ethical conduct in the space and ensuring that standards make the leap to the blockchain era.
The Association for Digital Asset Markets (ADAM), announced last fall, published the first edition of its code of conduct this week. The comprehensive document dives into a variety of key areas to ensure integrity, fairness, and efficiency in the marketplace. But one thing it does not aim to do is replace what came before.
“The ADAM Code of Conduct is intended to inform market participants on best practices and to complement, not replace, existing regulation, part of a long-term effort to define and promote ethical conduct by all digital asset market participants,” the association explains on its website.
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