Hassan Maishera
Nexo, a leading digital assets institution, announced on Thursday, February 1st, that it has joined the International Association for Trusted Blockchain Applications (INATBA).
In a press release shared with Cryptowisser, Nexo said this latest development indicates its commitment to shaping the blockchain landscape, leveraging INATBA's established ties with key public sectors in finance and regulation.
The partnership between NEXO and INATBA will enable Nexo to actively engage and contribute to critical areas such as regulatory compliance and education.
INATBA is known for facilitating connections between the public sector and the blockchain ecosystem, while also offering a unique platform that bridges the gap between private tech companies and regulatory bodies. Thanks to this partnership, thought leadership, and direct engagement with policymakers, INATBA actively fosters the responsible growth of blockchain technology and its regulation.
Nexo will actively participate in INATBA's working groups and advisory bodies, focusing on key sectors such as finance, legal and regulatory compliance, and education with a specific focus on tax, AML, and the EU’s MiCA framework.
Nexo and INATBA will assist the public sector in shaping policies that promote innovation while ensuring the security and privacy of blockchain users. Nexo now joins the likes of IBM, Deutsche Börse AG, Binance, and many other industry giants, as an INATBA member. The company will actively participate in the development of blockchain solutions that prioritize transparency, user trust, and regulatory compliance.
While commenting on this latest development, Ricardo Simoes, INATBA Executive Director, said,
"We are thrilled to extend a warm welcome to Nexo as the newest member of the INATBA community! Nexo's unwavering commitment to innovative fintech solutions underpinning blockchain technology perfectly aligns with INATBA's mission to encourage collaboration and spearhead the global adoption of blockchain. The wealth of expertise Nexo brings is set to enhance our already diverse ecosystem, and we eagerly anticipate a productive collaboration in shaping the future of the blockchain industry, one block at a time."
“In the face of our growing industry, we felt the need for a partner to assist us in lending a powerful voice to the blockchain space to shape the standards for legal and regulatory compliance – a feat INATBA shines, given its recent impact on crypto-assets regulation in Europe, including direct involvement in definitions within the Markets in Crypto Asset Regulation (MiCA) and Transfer of Funds Regulation (TOFR),” Bianca Veleva, Head of Legal and Regulatory Compliance at Nexo, added.
Nexo is a leading digital assets institution. The company’s mission is to maximize the value and utility of digital assets by offering a comprehensive suite of products that include advanced trading solutions for retail and institutional clients, aggregation of liquidity from leading venues, and flexible asset-backed credit lines.
Meanwhile, INATBA has been around since 2019 and was launched by the European Commission. It is a highly influential advocate for Blockchain and DLT adoption in Europe and globally. Renowned for its credibility with regulatory authorities and policymakers, INATBA contributes significantly to various projects and initiatives.
