Bitwala became an associate founding member of the International Token Standardization Association (ITSA).
Bitwala is Germany’s flagship cryptocurrency company founded in 2015. Together with its partner bank, Bitwala offers a bank account with a built in bitcoin wallet that combines easy and secure cryptocurrency trading and reliable everyday banking in one place. All trading and onboarding follow German AML and KYC rules and all Euro deposits up to €100,000 are protected by the deposit guarantee scheme of German banks.
The International Token Standardization Association (ITSA) is a Berlin-based association of German law with more than 100 associated founding members. ITSA is a non-profit organization and special interest group aiming at the development and implementation of comprehensive market standards for the identification, classification, and analysis of cryptographic tokens.
So far various reputable organizations have already committed to join ITSA as associated founding members, reaching from corporates (e.g. Commerzbank’s Main Incubator, Bank Frick, MME, Börse Stuttgart) over associations (e.g. Bundesverband deutscher Banken, the German Investment Funds Association BVI), startups (e.g. Cashlink, solarisBank, CryptoTax, and Ambrosus) and universities (e.g. Frankfurt School of Finance and Management, University of Mainz, TU Munich, Hasso Plattner Institute or UCL Centre for Blockchain Technologies in London) to private members (one of the co-creators of the ERC20 standard).