December 3rd, 2018: The Financial Commission today announced Serenity Exchange as the newest approved member of its Blockchain Association. With this move, Serenity Exchange joins a list of digital asset firms that provide their customers the benefit of accessing Financial Commission’s efficient dispute resolution process to help resolve complaints in the event they cannot be resolved directly between consumers and their service provider.
Companies that become members demonstrate their commitment to self-regulation and transparency, by upholding member rules and providing their customers a non-bias 3rd party to remedy complaints in the case of an unresolved dispute.
Dispute Resolution for blockchain providers
The primary benefit that Blockchain Association members and their customers receive is access to Financial Commission’s proven dispute resolution platform where complaints filed by member’s clients are reviewed by an independent panel consisting of the Association’s Blockchain Expert Committee (BEC).
Additional benefits of membership with the Blockchain Association include multi-stakeholder dialogue where members have access to consult with industry experts, legal and compliance professionals and fellow association members on how to solve common and evolving industry challenges such as token classifications, listing requirements and differentiating project scope and qualities such as decentralization.
Topics which top the Blockchain Association’s agenda are not limited to compliance in key global markets and regional regulations where members are based or focused on. They also include the best practice surrounding the physical transfer of digital currencies by customers, private key derivation and storage of blockchain-based digital assets as well as other critical technical challenges for ease of use and consumer adoption and security. The Financial Commission Greater is also committed to upholding company disclosure and consumer education across its different standards and membership requirements.
About Serenity Exchange
The Serenity Exchange cryptocurrency trading platform is a proprietary development of Serenity Financial. It is one of the few exchanges that can aggregate liquidity from external providers. With this feature, the depth of the market (DOP) on the exchange is always full. By choosing Serenity Exchange traders can be confident that all trades, no matter the size, will be processed on the exchange. Moreover, the Serenity platform contains all necessary features for white label integration, from simple trading functionality to the ability to add additional digital assets. The Serenity platform is officially registered in Estonia and is licensed to convert digital assets to fiat (license FVR000504), as well as to create and store cryptographic keys for customers (license FRK000420).
About Financial Commission
Founded in 2013, the Financial Commission is a leading independent member-driven external dispute resolution (EDR) organization for international online brokerages that participate in global foreign exchange (forex), derivatives, CFD and digital asset markets.
Financial Commission provides efficient compliance solutions to its members, alongside its EDR mechanism that serves as an effective channel for processing complaints from clients of member firms.
To find out how the Commission is expanding efforts into self-regulation and transparency for the digital currencies and Blockchain-powered crypto markets, please visit the Blockchain Association webpage.