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Crypto traders considering a blacklist to reduce defrauders

The proposition to create a blacklist is part of the discussion between cryptocurrency trading firms gathered in a roundtable in Chicago, in an effort to prevent the increase of frauds in the industry.

Some of the firms that participated to the event include Ripple, Cumberland, Galaxy Digital Holdings and 30 other firms, according to Bloomberg.

During the event, they all considered creating a list of those entities involved in illicit activities directly or indirectly, as well as providing some form of accreditation for those with good reputation.

Other ideas include: verification standards of customers and sharing information of the ones that default on derivatives trades. However, the decision is not final and the roundtable is set to meet again in the near future.

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