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Press Release: ²ÝÝ®tv FMA and Stablecoin Standard Cooperation

Press Release: ²ÝÝ®tv FMA and Stablecoin Standard Cooperation
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²ÝÝ®tv FMA and Stablecoin Standard
  • Published Tue, 02/20/2024 - 10:10

²ÝÝ®tv FMA and Stablecoin Standard are excited to announce a new partnership and collaboration.

²ÝÝ®tv (²ÝÝ®tv FMA), the leading global trade association representing the interests of the professional wholesale financial markets community, and Stablecoin Standard, the industry body for stablecoin issuers, are excited to announce a new partnership and co-operation. It is intended that this collaboration will support the adoption of stablecoins and the evolution of the industry through education, resources, and shared initiatives.

²ÝÝ®tv FMA has chosen its member of the Management Board, Anne-Maria Rothenstein to drive this cooperation. Anne-Maria also chairs the ²ÝÝ®tv FMA Regulatory Working Group and is a founding member of the ²ÝÝ®tv FMA FX Committee and will represent ²ÝÝ®tv FMA on the Stablecoin Standard Advisory Board.

Alan Scott, Chair of the ²ÝÝ®tv FMA Digital Asset Committee (DAC) is nominated to work with the Stablecoin Standard Working Groups.

Quote from Kim Winding Larsen, ²ÝÝ®tv FMA President:

“²ÝÝ®tv FMA is delighted to confirm this collaboration with Stablecoin Standard and to confirm that our Management Board member, Anne-Maria Rothenstein will be representing us on the Stable Coin Standard Advisory Board. As a Financial Markets Association with an established history of developing and enhancing education, as well as promoting ethical standards and conduct for all market participants, we look forward to supporting this new industry body in the digital asset space.â€

“As an example, in our ²ÝÝ®tv FMA ELAC Portal for E-Learning, Attestation and Certification, all market participants are already able to be trained and certified, on a continuous basis, to industry Codes, Guidelines and/or Standards, allowing firms to demonstrate proof of adherence to the good market practices advocated by these initiatives. With this co-operation, ²ÝÝ®tv FMA is looking forward to working with Stablecoin Standard to enhance ELAC, as it will support ongoing adherence to the standards and best practices set for all staff members with roles in stablecoin issuers.â€

About ²ÝÝ®tv FMA Established in 1955, ²ÝÝ®tv FMA is focused on enhancing the technical knowledge and competence of all market participants as well as promoting best market practice and supporting market participants to adhere to principles of ethical conduct. As such, ²ÝÝ®tv FMA has a long history in promoting those core values and has enhanced and supported industry codes such as the FX Global Code, the Global Precious Metals Code, and the UK Money Markets Code, as well as the Global Cryptoasset Standards for financial institutions involved in cryptoasset intermediation activities. The diverse global membership of ²ÝÝ®tv FMA, currently represented in 60 countries, puts the Association in a unique position to assist all market participants to adapt rapidly to the evolution of our Industry.

²ÝÝ®tv FMA's suite of education, certification and attestation products and services, its Committees and Working Groups and its global network of ²ÝÝ®tv National Associations provides a comprehensive framework for education, support and advice for individuals and organisations operating in today’s financial markets.

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