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KuCoin Labs and VAIOT Partner to Establish Digital Asset Regulation Research Institute (DARI)

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According to reports, KuCoin Labs has jointly established the Digital Asset Regulation Research Institute (DARI) with blockchain and artificial intelligence service enterprise VAIO

KuCoin Labs and VAIOT Partner to Establish Digital Asset Regulation Research Institute (DARI)

According to reports, KuCoin Labs has jointly established the Digital Asset Regulation Research Institute (DARI) with blockchain and artificial intelligence service enterprise VAIOT to promote industry led cryptocurrency regulation. VAIOT is one of the first fully regulated cryptocurrency companies in Europe, subject to strict legal scrutiny in Malta since September 2020 and supervised by leading accounting and consulting firm Grant Thornton.

KuCoin Labs and blockchain enterprise VAIOT jointly established the Digital Asset Supervision Research Institute

The cryptocurrency industry has been growing rapidly over the past few years, and with this growth comes the need for proper regulation to ensure its sustainability. With the aim of promoting industry-led cryptocurrency regulation, KuCoin Labs has partnered with VAIOT to establish the Digital Asset Regulation Research Institute (DARI).

Why the Need for Proper Cryptocurrency Regulation?

Cryptocurrency has become a buzzword in the financial sector, with more people investing in it and more companies adopting it for transactions. However, the decentralized nature of these digital assets has also made them attractive to fraudsters and criminals, leading to incidents such as money laundering and hacking of exchanges. Without adequate regulation, the cryptocurrency industry risks being undermined and tarnished by these criminal activities.

Who are KuCoin Labs and VAIOT?

KuCoin Labs is the research and development arm of KuCoin, a Singapore-based cryptocurrency exchange. The company provides support to promising projects in the blockchain and cryptocurrency space, helping them to grow and achieve their potential. VAIOT, on the other hand, is a European-based blockchain and artificial intelligence service enterprise that specializes in developing secure and reliable digital solutions while adhering to regulatory compliance.

About Digital Asset Regulation Research Institute (DARI)

DARI is a joint initiative between KuCoin Labs and VAIOT, aimed at promoting industry-led cryptocurrency regulation. The institute will bring together experts in the blockchain and cryptocurrency space to conduct research and develop best practices for the regulation of digital assets. Its primary goal is to provide guidance to regulators and policymakers worldwide, helping them to create laws and regulations that promote innovation while maintaining investor protection and market integrity.

VAIOT’s Regulatory Compliance

VAIOT is one of the first fully regulated cryptocurrency companies in Europe, having undergone strict legal scrutiny in Malta since September 2020. The company is supervised by leading accounting and consulting firm Grant Thornton, ensuring that it adheres to the highest standards of regulatory compliance. With VAIOT’s experience in regulatory compliance and KuCoin Labs’ expertise in blockchain and cryptocurrency research, the two companies are well-positioned to lead the way in promoting industry-led cryptocurrency regulation through DARI.

Conclusion

The establishment of DARI is a positive development for the cryptocurrency industry. With its focus on promoting industry-led regulation, the institute will help to enhance the transparency and credibility of the sector while ensuring its sustainability. Moreover, VAIOT’s regulatory compliance experience, alongside KuCoin Labs’ blockchain and cryptocurrency research, will make DARI a trusted authority on digital asset regulation. Together, they will help to shape the future of the industry.

FAQs

1. How will DARI promote industry-led cryptocurrency regulation?
DARI will bring together experts in the blockchain and cryptocurrency space to conduct research and develop best practices for the regulation of digital assets, and provide guidance to regulators and policymakers worldwide.
2. What is VAIOT’s role in the establishment of DARI?
VAIOT is one of the founding partners of DARI, alongside KuCoin Labs. Its expertise in regulatory compliance will be crucial in developing best practices for the regulation of digital assets.
3. Why is cryptocurrency regulation important?
Proper cryptocurrency regulation is essential to ensure the sustainability of the industry, protect investors, and prevent criminal activities such as money laundering and hacking of exchanges.

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