What Is a Virtual Commodity Association (VCA)?
The Virtual Commodity Association (VCA) is a non-profit organization comprised of cryptocurrency exchanges and custodians in the United States.
It aims to establish a self-regulatory organization (SRO) for the virtual currency industry in the country, specifically focusing on virtual commodities marketplaces.
The VCA was founded in 2018 to develop industry-sponsored self-regulation within the virtual currency business.
The Governance of the VCA
The VCA operates under the governance of a board of directors responsible for advancing the organization’s goals and mission.
The board’s key role includes facilitating the achievement of the VCA’s objectives, which may involve issuing reports on industry standards and best practices.