FIX Protocol Adds Support for Digital Token Identifier (DTI) ISO Standard

“Adding the DTI standard to the FIX Protocol was an easy decision as the DTI extends the existing functionality to the world of digital assets, which helps the market evolve to work with this asset class,” Jim Kaye, executive director at FIX, said in the press release. “We can see many benefits of adding the DTI, including making it easier for the industry to audit their transactions and increase transparency, thereby bringing more efficiencies to the market.” Source

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Crypto.com Receives Privacy-Related ISO Certification

Cryptocurrency payment platform, Crypto.com, announced on June 2 that it is one of the first fintech companies to receive ISO/IEC 27701:2019 privacy certification, following a number of third-party audits. According to the announcement, the “Gold standard” certification aims to strengthen the company’s strategy — “Defense in Depth”. It outlines policy implementation guidelines for data protection with regard to personally identifiable information, or PII, within the organization. The certification was granted by SGS, a leading inspection verification and certification firm that has over 2,600 offices worldwide. Strengthening the company’s risk and…

Ripple Joins ISO Global Standards Body on Cross-Border Payments

Ripple has become a member of the ISO 20022 standards body, which is driving a new data standard for payments and data messaging between global financial institutions. The company claims to be the first distributed ledger technology (DLT) focused member of the group, which includes a number of international commercial and central banks along with payment processing entities like SWIFT and Visa. The route to an international standard ISO 20022 proposes a single standardized approach in methodology, process and repository to enable communication and interoperability between all global financial organizations.…

Crypto Exchange Binance Awarded ISO Security Accreditation

Binance, the top cryptocurrency exchange by trading volume, says it’s been awarded an information security accreditation after meeting standards set out by the International Organization for Standardization (ISO). To meed the internationally recognized ISO/IEC 27001 standard, Binance said, it was audited by Norway based DNV GL, an international accredited registrar and classification society, and the United Kingdom Accreditation Service, a national accreditation body that evaluates firms on a variety of standards. The accreditation makes Binance the “first company in the cryptocurrency industry to be verified by DNV and UKAS,” the firm…