"Blockchain Association Unveils Principles for Digital Asset Market Growth"

The Blockchain Association has released a set of "Digital Asset Market Structure Principles," which include 12 recommendations aimed at promoting a healthy and sustainable market for digital assets. One of the key recommendations is ensuring self-custody rights for users, which is seen as a crucial aspect of maintaining control over one's assets in the digital asset ecosystem.

The principles, which were developed in collaboration with various industry stakeholders, also emphasize the importance of transparency, accountability, and consumer protection. They aim to provide a framework for the responsible growth and development of the digital asset market, while also addressing the unique challenges and opportunities presented by this emerging asset class.

The release of these principles comes at a time when the digital asset market is facing increased scrutiny from regulators around the world. As the market continues to evolve, it is essential that industry participants work together to establish clear guidelines and best practices for the responsible management and trading of digital assets.

The Blockchain Association's recommendations are a significant step in this direction, and they have been welcomed by many in the industry as a positive development. By promoting self-custody rights and other key principles, the association is helping to create a more robust and resilient digital asset market that can better withstand the challenges and opportunities that lie ahead.