AllianceBlock Joins INATBA’s Advisory Ecosystem To Collaborate on Shaping Policy and Regulation in Blockchain
AllianceBlock becomes a member of a global network of blockchain stakeholders and regulators to shape discussion on policy and regulation in the industry
We are pleased to announce that AllianceBlock is joining the International Association for Trusted Blockchain Applications (INATBA), a global conveyor of blockchain stakeholders to interact with regulators and policymakers and bring blockchain technology to the next stage.
INATBA was initialized in 2019 in cooperation with the European Commission and is now the largest association of its kind in Europe. Membership comprises 140 SMEs, policymakers, international organizations, regulators, and standard-setting bodies representing a broad cross-section of the blockchain and cryptocurrency sector.
INATBA plays a critical role in giving a collective voice to industry players, as it creates a constructive dialogue with lawmakers and international organizations through its Governmental Advisory Body, which includes members such as the European Commission, the European Investment Bank, the Government of Canada, and the Israeli National Digital Agency, among others. On the strength of this dialogue, the Association has been able to effect meaningful results for the industry, such as bringing additional clarity to key terms in the EU’s upcoming Market for Crypto Assets Regulation, a landmark piece of cryptocurrency legislation.
However, INATBA’s reach goes beyond regulatory matters. Through various working groups and task forces, the Association is also involved with many other significant areas of research and development that span our industry, such as self-sovereign digital identities, central bank digital currencies, and blockchain sustainability, as well as industry-specific applications such as blockchain in supply chain and agriculture. Alongside its everyday activities, INATBA hosts regular learning and networking events for its members and the public, covering various topics and locations.
INATBA members are organized into four enterprise categories according to their size, with a fifth category for non-profits. Each category elects two individuals to participate in the Board of Directors, which appoints and oversees the various working groups. Members include many high-profile companies from within the blockchain sector, such as Binance, Coinbase, and Aave, as well as household names like L’Oreal and Fujitsu and TradFi institutions, including Deutsche Börse.
What does this mean for AllianceBlock?
AllianceBlock is delighted to join a large and diverse network of organizations with global reach at the forefront of regulation and compliance. It allows us to connect with other cryptocurrency and blockchain projects that may not yet have heard of AllianceBlock but could benefit from our suite of DeFi solutions. It also gives us exposure to various companies and connections that aren’t necessarily part of the blockchain sector but are engaged and interested in the technology and its applications.
Matthijs De Vries, AllianceBlock CTO and Co-Founder, said, “AllianceBlock has always strived to help improve the industry as a whole and would rather work with like-minded people and policymakers than against, but always keeping compromises to a minimum to preserve decentralized ideologies. This partnership is a real opportunity to solve meaningful and impactful issues in the industry and to connect with a strong network of experts that share the same goals.”
Being part of INATBA also means AllianceBlock is playing a role in the collective effort to shape policy and lawmaking around crypto assets at a critical time when many governments are moving to introduce specific legislation. AllianceBlock has always recognized that regulation is an inevitability, which is why we’ve always built with compliance in mind. Therefore, membership in INATBA reinforces our commitment to compliant DeFi and allows us to have a voice as part of any lobbying efforts on the part of the Association.
Ricardo Simões, INATBA Executive Director, said, “INATBA is excited to have AllianceBlock as a member and looks to support their mission to create a stable, compliant channel for traditional financial players to access decentralized markets, especially in the DeFi sphere, as we accelerate the positive adoption of blockchain solutions, transparent, inclusive governance, and ongoing constructive dialogue with authorities and regulators.”
We will update the community with relevant developments from INATBA’s activities. We look forward to seeing our presence on the website alongside 140 other members over the coming weeks. To find out more about INATBA and its activities, visit the homepage.
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About AllianceBlock
AllianceBlock is building seamless gateways between TradFi and DeFi by remedying issues in both spheres and linking them more closely. AllianceBlock sees the future of finance as an integrated system in which the best of both worlds can work together to increase capital flows and technological innovation.
They are building this future by bridging traditional finance with compliant, data-driven access to new decentralized markets, DeFi projects and ecosystem-scaling tools such as funding and interoperability. As such, they are building a next-generation financial infrastructure that aims to provide regulated financial entities worldwide with the tools they need to access the DeFi space seamlessly.
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