Cambridge University Launches Crypto Research Project with IMF and BIS

The University of Cambridge has partnered with some of the world’s top banking institutions and private companies to launch a new project focused on cryptocurrency research.

The Cambridge Center for Alternative Finance, or CCAF, has launched a research initiative to better understand the burgeoning digital asset industry, the CCAF told Coin-Crypto on Monday.

Called the Cambridge Digital Assets Program or CDAP, the project is a public-private partnership involving 16 companies, including public institutions such as the Bank for International Settlements Innovation Hub and the International Monetary Fund. The initiative also includes banks such as Goldman Sachs, financial giants such as Mastercard and Visa, as well as major exchange-traded fund providers such as Invesco.

Other participants include British International Investment, Dubai International Financial Centre, Ernst & Young, Fidelity, the British Foreign, Commonwealth and Development Office, Inter-American Development Bank, London Stock Exchange Group, MSCI and the World Bank.

As its core mission, the CDAP plans to facilitate evidence-based public dialogue about the opportunities and risks associated with the growing adoption of cryptocurrency. The program will focus on three main areas, including the environmental implications of crypto, infrastructure and digital assets, including stablecoins, central bank digital currencies and cryptocurrencies.

According to the announcement, the program builds on the CCAF’s existing work in the crypto industry, including the development of the Cambridge Bitcoin Electricity Consumption Index, CBECI. The CBECI is a commonly used index to show the global distribution rate of Bitcoin (BTC) hash rate between countries.

Bitcoin mining card as of July 2021. Source: CCAF’s CBECI

CCAF’s other crypto research developments include the Global Cryptoasset Benchmarking Study series, designed to address ecosystem trends, inform regulation and policy discussions, and others.

“The Cambridge Digital Assets program we are launching today aims to address the resulting need for greater clarity by providing data-driven insights through collaborative research involving public and private sector stakeholders,” said CCAF- director Bryan Zhang.

According to CCAF digital assets lead Michel Rauchs, the CDAP will provide decision-makers with the objective analysis and empirical evidence they need to navigate the digital asset industry.

Related: Global Financial Regulator Wants More Data to Measure Bitcoin’s Risks

As previously reported by Coin-Crypto, some global regulators are increasingly concerned about the risks associated with the lack of standardized and trusted data in the cryptocurrency industry. In mid-February, the Financial Stability Board warned that the crypto market lacks consistent, transparent data and is unrelated to the core financial system, posing significant risk amid the rapid adoption of cryptography.

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