Derivatives Trade Association ISDA to Develop Common Standards for Crypto Assets

Derivatives Trade Association ISDA to Develop Common Standards for Crypto Assets
The International Swaps and Derivatives Association (ISDA), a trade organization, is working to develop common legal standards for derivatives linked to crypto.ISDA published a white paper Tuesday aiming to characterize the different features of crypto assets and their relevance to existing contractual standards, and identify events that might cause problems with derivatives pegged to crypto assets.The events highlighted by ISDA include forks, airdrops, cyberattacks and changes in law or regulation. The paper also seeks to explore how digital assets can be valued and what happens when that valuation cannot be obtained.As a global standard setter, ISDA’s standards are incorporated for…