2 years ago
The University of Cambridge is collaborating with immoderate of the world’s apical banking institutions and backstage companies to present a caller task targeting cryptocurrency research.
The Cambridge Center for Alternative Finance, oregon CCAF, has launched a probe inaugural aiming to bring much insights connected the rapidly increasing integer plus industry, the CCAF announced to Cointelegraph connected Monday.
Dubbed the Cambridge Digital Assets Programme, oregon CDAP, the task is simply a public-private collaboration with 16 companies including nationalist institutions similar the Bank for International Settlements Innovation Hub and the International Monetary Fund. The inaugural besides includes banks similar Goldman Sachs, fiscal giants similar Mastercard and Visa, arsenic good arsenic large exchange-traded money providers similar Invesco.
Other participants see British International Investment, Dubai International Financial Center, Ernst & Young, Fidelity, the United Kingdom's Foreign, Commonwealth and Development Office, Inter-American Development Bank, London Stock Exchange Group, MSCI, and the World Bank.
As its halfway mission, the CDAP intends to alteration evidence-based nationalist dialog astir the opportunities and risks associated with the increasing cryptocurrency adoption. The programme volition beryllium focused connected 3 main areas including crypto’s biology implications, infrastructure, and integer assets, including stablecoins, cardinal slope integer currencies, arsenic good arsenic cryptocurrencies.
According to the announcement, the programme builds connected the CCAF’s existing enactment successful the crypto manufacture including the improvement of the Cambridge Bitcoin Electricity Consumption Index, CBECI. The CBECI is simply a widely-referred index to supply the planetary Bitcoin (BTC) mining hash complaint organisation percent among countries.
Bitcoin mining representation arsenic of July 2021. Source: CCAF’s CBECIOther CCAF’s crypto probe developments see the Global Cryptoasset Benchmarking Study series, designed to code ecosystem trends, pass regularisation and argumentation treatment and others.
“The Cambridge Digital Assets Programme that we are launching contiguous aims to conscionable the resulting request for greater clarity by providing data-driven insights done collaborative probe involving nationalist and backstage assemblage stakeholders,” CCAF enforcement manager Bryan Zhang said.
According to CCAF integer assets pb Michel Rauchs, the CDAP volition supply decision-makers with the nonsubjective investigation and empirical grounds that they request to navigate the integer assets industry.
Related: Global fiscal regulator wants much information to measurement risks of Bitcoin
As antecedently reported by Cointelegraph, immoderate planetary regulators person been progressively acrophobic astir risks associated with the deficiency of standardized and trusted information successful the cryptocurrency industry. In mid-February, the Financial Stability Board warned that the crypto marketplace lacks accordant and transparent information and its linkages with the halfway fiscal system, which poses a important hazard amid the accelerated crypto adoption.
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