KuCoin Labs partners with VAIOT to support crypto regulation

Seychelles-based KuKoin Labs has partnered with Malta-based VAIOT to launch the Digital Assets Regulation Institute and support crypto regulation.

According to businesswire.com, DARI is a response to the cryptocurrency industry’s inability to cooperate effectively with regulators. The institute will work with relevant stakeholders, including regulated companies, financial and security auditors, consultancies, accountancy firms, law firms and VCs, to conduct research and produce reports that will inform government policy around the world.

In addition, DARI’s institutional partners will provide opportunities for consultation and incubation for projects seeking regulatory approval. DARI is supported by members of Grant Thornton Malta’s tax, regulatory and compliance practice. As for KuCoin Labs, it has already proven its experience in researching and incubating Web3 projects. The company is keen to create regulatory pathways between countries and markets, making them relevant and tangible for all participants.

With DARI, companies and entities working within regulatory frameworks will be able to share their opinions and expertise with regulators in a public forum. This approach aims to create supportive development conditions for future crypto builders and users.

DARI representatives cited by businesswire.com spoke about the importance of assembling a relevant industry force to support optimal development conditions for future crypto builders and users. They also revealed that DARI will submit an official proposal to the European Commission and participate in regulatory hearings with relevant European institutions.

Grand Thornton representatives quoted by businesswire.com talked about the best approach to creating effective regulation and how it requires a bottom-up approach that allows companies and entities within regulatory frameworks to share their opinions and expertise with regulators.

More information about the companies involved in this project

In 2022, KuCoin Labs increased its efforts to support Web3 startup incubation by assembling a team of internal and external experts and partners in different project development segments and offering tailored advisory services within strategic partnerships. By rebranding and restructuring KuCoin’s primary market investment and research arm in 2021, KuCoin Labs diversified and intensified its investments in early-stage projects aimed at helping creators achieve sustainable growth and success in the decentralized environment.

VAIOT utilizes artificial intelligence and blockchain to create new ways of digitally accessing services and securing legal agreements using a natural user interface. VAIOT allows consumers and businesses to use a set of technologies called intelligent contracts.

The platform acts as a personal assistant and is accessible on mobile devices via a simple natural user interface that offers AI-based legal services. The company also offers a new intelligent service distribution channel that supports companies in their efforts to adapt to modern customers by enabling a new way of accessing services.