GBBC spotlight developments on global standards for blockchain and digital assets

The Global Blockchain Business Council (GBBC), in partnership with 131 institutions, announced the release of the Global Standards Mapping Initiative (GSMI) 2.0, a comprehensive effort to map and analyze the blockchain and digital asset landscape across five key areas:

  • Legislation and regulatory guidance
  • Technical standards
  • Industry standards and recommendations
  • Industry consortia (updated list)
  • University courses and degree programs

GSMI 2.0 maps, catalogues, and analyzes data from 187 jurisdictions, 479 industry consortia, 38 technical standards, and 389 university courses and degree programs to provide a holistic view of the industry’s global activity. it includes a list of industry consortia and standalone reports on derivatives, digital and crypto asset regulation, digital identity, global taxation, and South Korea.

The report highlights several priorities for the industry, including the need for commonality among regulatory approaches and taxonomies, while also pointing to several positive developments, including the proliferation of nimble, principles-based regulation in certain jurisdictions and blockchain adoption for tax compliance.

“As the industry continues to grow faster than ever, we hope the GSMI will serve as a free resource for anyone seeking a macro, global perspective,” said GBBC CEO Sandra Ro in a statement.

Read the full report

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