Industry participants: ‘Digital Token Identifier’ aims to increase interop, usage

While some trading firms are welcoming the use of a new non-proprietary code for identifying digital tokens, the onus will be on local regulators to enforce its adoption.

At a time when the crypto world is in disarray, some market participants believe identifiers and standards can offer a shred of stability—or at least that’s the hope.

Identifiers are tools used in traditional markets to identify a security and provide some form of commonality and harmony to the complex world of trading and regulatory reporting. Now, in the European Union, those same traditional tools are being applied to cryptocurrencies.

The European Securities and Markets Authority (Esma)

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