Crypto Market Looks To Digital Identifiers

Tags that will identify cryptocurrency assets are due to roll out in September as a way to help these assets go mainstream. Regulators are concerned that they cannot track cryptocurrencies, meaning regulatory bodies cannot quantify risk. When the identifiers are released, they will point to the 100 most popular cryptocurrencies, including Bitcoin, Ethereum, Dogecoin, Ripple, etc. While financial institutions will be required to use digital token identifiers (or DTIs,) reporting of individual digital assets is likely the next step in the process.