Two new working groups created by the WSBA will specialise in regulatory compliance and economic inclusion. Both committees are headed by well-known experts in the field.

According to the WSBA’s press release published by Finextra, the chair of the Regulatory & Compliance Working Committee is Ms Amal Aly, who is currently working as an advisor on regulatory risks in PwC (PricewaterhouseCoopers), one of the most prestigious accounting firms in the world. She sees her mission as “participating in a very important dialogue” between the blockchain technology and the authorities.

The second newly created working committee focused on economic inclusion is headed by Mr Ashish Gadnis, CEO of BanQu, a fintech company aiming to help unbanked and underbanked people all over the world. According to Gadnis,

“As blockchain technology continues to evolve, it is absolutely critical that its applications enable economic empowerment and access to a better life for refugees, people living in extreme poverty and overall gender equality globally.”

The new groups bring the total number of working committees in the WSBA to six, other four being specialised in blockchain and financial markets, tax and accounting, technology and product, and research and innovation. Ron Quaranta, the chairman of the WSBA, states that “these new Working Committees are the direct result of growing member involvement in the many important aspects of blockchain technology across financial markets and beyond.”

Оriginally created as Wall Street Bitcoin Alliance in March 2015, the organisation was later rebranded as Wall Street Blockchain Alliance. According to its website, “Digital Currencies and the Blockchain represent a seismic shift in how financial markets, and all aspects of the global economy, operate.” It sees its mission as “to guide and promote comprehensive adoption of digital currency technology across financial markets.”

Alexey Tereshchenko