Yocbit Joins the World Economic Forum’s Digital Assets Governance Council, Actively Participating in Global Governance

May 02, 2025 at 11:00 AM EDT

As a leading global digital asset trading platform, Yocbit has officially confirmed its invitation to join the World Economic Forum (WEF) Digital Assets and Blockchain Governance Council, becoming one of the core members for 2025 and gaining one of the first positions with formal voting rights among cryptocurrency exchanges.

This participation not only recognizes Yocbit’s compliance governance, technological strength, and financial influence in the global digital asset landscape but also marks a significant step for Yocbit to play a more proactive and pivotal role in global cryptocurrency policy-making. We will collaborate with top global financial institutions such as Citigroup, J.P. Morgan, the European Central Bank (ECB), the International Monetary Fund (IMF), Lazard, Rockefeller Capital, Janus Henderson, and UBS to jointly promote the standardization and normalization of the global digital economy.

As an international platform deeply engaged in multiple regulatory frameworks, Yocbit adheres to a development strategy of “rooted in the U.S., developing in Europe, and radiating globally.” The platform has successfully obtained compliance licenses as a Money Services Business (MSB) in the U.S. and has secured regulatory permits or registrations in Canada and Singapore. In Europe, Yocbit actively responds to the EU’s Markets in Crypto-Assets (MiCA) regulatory requirements and is simultaneously advancing applications for Crypto Asset Service Provider (CASP) licenses in key countries such as Germany, France, and Italy, fully establishing a compliance system to enhance its legal operation capabilities in the EU market.

“Joining the WEF Digital Assets Council is a significant step for Yocbit to enter the core circle of global regulatory collaboration,” said Yocbit’s Global Strategy Head. “We will leverage our platform experience to participate in digital asset policy design, compliance process co-creation, and international governance mechanism collaboration, further supporting the development of a more transparent, secure, and sustainable global cryptocurrency ecosystem.”

On the technical side, Yocbit relies on its independently developed high-performance matching system, capable of processing up to 120,000 transactions per second with a matching latency of under 10 milliseconds, supported by a global CDN and distributed architecture to provide an efficient and stable trading experience for users worldwide. Currently, the platform has surpassed 8 million registered users, with an average daily trading volume exceeding $1.2 billion, firmly establishing itself among the top-tier digital asset trading platforms globally.

In terms of risk control and asset security, Yocbit implements a wallet management mechanism that separates hot and cold wallets, with 98% of user assets deployed in cold storage. The platform is equipped with an AI-driven trading behavior recognition system and an on-chain data penetration engine, supported by strict KYC (Know Your Customer) and AML (Anti-Money Laundering) processes. Furthermore, Yocbit collaborates closely with international security agencies such as Chainalysis and Elliptic to maintain leading standards in transaction security and compliance.

According to the latest agenda from the WEF Digital Assets Governance Council, the council will focus on five key areas for global cooperation:

Promoting a unified global cryptocurrency regulatory framework to ensure compliance in cross-border digital asset operations;
Establishing institutional-level digital asset custody standards to enhance asset storage transparency and security;
Building risk identification and response mechanisms for decentralized finance (DeFi);
Optimizing global cross-border payment and digital asset clearing processes;
Promoting the practical application of blockchain technology in ESG (Environmental, Social, and Governance) and sustainable development.

In the future, Yocbit will continue to participate actively in the council’s collaborative mechanisms as a representative global digital asset exchange. We will assist in drafting global regulatory recommendations for digital finance and integrate relevant governance standards into our platform, helping the global cryptocurrency industry move toward a new phase of maturity, standardization, and compliance.

Yocbit remains committed to a development philosophy of legality, compliance, technology-driven innovation, and a global perspective, actively participating in the construction of international governance systems. Joining the World Economic Forum Council marks an important milestone in our efforts to modernize global digital asset governance. We will continue to strengthen our core position in the global digital economy ecosystem through policy engagement, technological collaboration, and user protection, becoming a truly trustworthy global digital asset trading platform.

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

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Yocbit Joins the World Economic Forum’s Digital Assets Governance Council, Actively Participating in Global Governance

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