Hashgraph Association partners with Taurus for global HBAR custody push

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The partnership’s focus on Europe, Asia, the Middle East and Africa stems from a regulatory perspective, but from an institutional standpoint, Youssefi said that it instills “more confidence to invest in the ecosystem.” “We want individuals and corporations alike to confidently engage with the Hedera ecosystem, something we know we can ensure against the regulatory backdrop of these regions,” he said. “Partnerships like this benefit both parties in making their presence known in these regions.”

Youssefi said that the team is managing risk for investors and “collaborating with other stakeholders in the space” to support the development of frameworks that overcome the technological challenges associated with asset tokenization.

Kamal Youssefi, president of the Hashgraph Association, told Cointelegraph that the digital assets in Europe, Asia, the Middle East and Africa are booming. “Europe has taken the lead on this with MiCA providing clear guidelines for digital assets in the region — eliminating any regulatory uncertainty that can come with markets like the US,“ he said.