What is the CWG?
The Crypto Working Group (CWG) is a network of trusted market participants in the global cryptocurrency community. We create standards for ICO's, exchanges and custody, advancing the flow of institutional capital into cryptocurrency. The CWG focuses on three major pillars; disclosure standards and best practices, education for governments and corporations, and community development. The CWG believes that with clear, and responsible standards in place, an orderly and sustainable market with thrive.
The Crypto Working group is a community organization run by its members. Members of the CWG include former regulators from the SEC, FED, FDIC, founders of leading ICO’s, top crypto advisors, law firms, accounting firms and executives from leading financial institutions.
Members of the CWG include former regulators from the SEC, FED, FDIC, founders of leading ICO’s, top crypto advisors, law firms, accounting firms and executives from leading financial institutions.
- Best Practices: Producing “whitepapers” with market standards, disclosures and digital content for key aspects of the market, including token issuance, exchanges and custody.
- Education: The CWG works with governments and corporations to help educate and enhance best practices for participation.
- Community: Developing a thriving community of cryptoinsiders, fiat financial services professionals, and social impact groups dedicated to building a healthy global industry.
Within the CWG, all members are asked to contribute and take one action each quarter help the community. The CWG membership is creating a series of best practices, which will be voted on by the entire CWG to achieve consensus and published for distribution to participating regulatory agencies and market participants. The CWG strives to operate across local, national, and international regulatory domains.
To achieve our mission of building global standards, the CWG is establishing partnerships with leading organizations. These partnerships facilitate governmental and institutional relationships that will allow the CWG to scale globally.
Our primary committees include:
- ICOs & Cryptocurrencies: Whitepaper standards, governance models, and token economies
- Markets: Trading, banking, and exchange rules
- Infrastructure: Infrastructure techonology, protocols, privacy, and policies
Who are members of the CWG? CWG members are community leaders dedicated to creating standards and best practices for the crypto community.
What is the goal of the CWG? The goal of the CWG is to set and implement standards to enable the flow of institutional capital into Crypto.
What is the structure of CWG? The CWG is an operating entity and will be setting up a foundation in 2018.
What influencers are involved? We have many industry leaders, including founders of Ethereum and people responsible for most of the top ICO's. You can find some of our founding members here.
What do you mean by institutional capital? We define institutional capital as the equivalent of ERISA or pension money in the US, or corporate funds from Fortune 500 companies.
Who are creating the standards? The CWG creates the standards through our committees and sub-committees.The standards are then voted on by the community and signed on by our member base.
Is this a US organization or Global? While we are based in NYC, we are a global organization, setting global standards. Our standards are locally adapted in accordance to the host country policies.
Why are you doing this ? We believe that Crypto is the future of finance and want to ensure that the industry flourishes and changes the world.
How can I join? You can join by being nominated by an existing member or by going through our application process.
Who can join? The CWG is designed to have 1,000 founding members who are community leaders, typically influencers and people whose organizations are currently responsible for material value in the industry. However, we welcome everyone to attend our public events, read our educational materials and participate in our digital communities.
What are membership requirements? Individual memberships are open to people who are currently materially contributing to the community. While there is not a fixed standard, it typically is people who have helped on $10MM+ worth of transactions in the industry and have no outstanding legal issues in the industry. Members agree to abide by our membership standards. If you are currently raising an ICO, then you would need to join as a corporate member. We do not allow solicitation of our membership.
What does it cost to join? It is free to join as an individual member if you are nominated by an existing member. If you are applying cold, there is an application fee. Corporate memberships are available as well. For more information please email firstname.lastname@example.org
How can I open a local chapter? Please fill out our contact us form and tell us about you. We look for trusted community leaders to open chapters with the support of key local market participants.
Where are you based? We are based in NYC.
Are you a government operation? We are not officially a government operation. We function as a community group that works with government agencies.
Are you a lobbying group? We are not a registered lobbying group.
Who enforces the standards? CWG standards are enforced first through self-auditing and then will be enforced through formal CWG certified auditors.
What volunteer opportunities are there? We offer volunteer opportunities to help contribute to committees, marketing, education, content and events. Please speak to a member of the management committee or fill out our contact us form.
How are you different from any other crypto-SRO? We work with many of the other community groups and SROs. Our vision is to be the bridge to enable the flow of institutional capital into Crypto. We operate across this thin slice and partner with the other organizations around their skillsets.
How can I become a sponsor? Please speak to a member of the management committee or fill out our contact us form.
How can I get in touch with someone in person? Please speak to a member of the management committee or fill out our contact us form.
Where can I find your press kit? Please find it here.