A Group of Major Crypto Traders Reportedly Considers Scammer Blacklist48

Several major cryptocurrency traders have reportedly begun discussing plans to enact an industry-wide blacklist of suspicious actors, to stem the tide of scams, theft and fraud in the crypto space.

Bloomberg reported on this development on May 8, 2019, claiming that major companies such as Ripple, Cumberland DRW and Galaxy Digital Holdings gathered to discuss some of the practical applications of such a blacklist. Similarly, alternate plans were also discussed to form a sort of “whitelist” by introducing formal industry standards to accredit firms in good standing.

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