I came across this article related to Bitshares and felt it needed more publicity. The article is linked here:
Much of the article is related to the potential "conspiracy" against Bitshares by the major centralized exchanges. I don't doubt that Bitshares is hated by the bigger, centralized exchanges. I'm confident the following news only added fuel to that fire.
Check out the following passage from the article as it relates to the TXSRB:
Earlier this year there was an announcement of the forming of The Token Exchange Self-Regulating Body (TXSRB). The TXSRB is a non-governmental organization with power to create and enforce industry regulations and standards, with the greatest focus on the protection and education of investors.
The idea behind the TXSRB is that the cryptocurrency industry needs to be regulated and regulation should come from those who know the industry best. The organization is focusing on categorizing tokens as non-securities using a “clean list”. Interestingly, BitShares was one of the first tokens added to this list. As an unrelated consequence, this essentially made BitShares the safest exchange in the world. The expressed mission of the TXSRB is as follows:
“Our mission is to educate and protect coin investors from financial harm and to ensure that there is a fair and transparent way for exchanges to operate in the trading of digital tokens.”
BitShares has already been approved by the TXSRB and it seems the exchange is free and clear for operation.
Then, upon researching this TXSRB, I came across the following article on Steemit from Stan Larimer referencing that same organization. It appears that Bitcoin, Steem and Bitshares all made the "clean list" for this new regulatory body for the crypto space. This is pretty amazing news!
https://steemit.com/bitcoin/@stan/bitcoin-bitshares-and-steemit-make-the-txsrb-clean-token-list
We can assume that EOS will be granted this honorable status as EOS reaches further in the world of decentralization than either Bitshares or Steem. The regulatory body just wants to be assured that the coin operation is fair, and not hiding an agenda, or outright stealing peoples money.
Bitshares, Steem and Bitcoin all offer a decentralized, fair approach to their platform. Bitcoin transactions are becoming expensive. Bitshares transaction fees are minimal. Steem offers free trasactions and even the possibility to earn Steem by contributing content. EOS offers free transactions and an opportunity to receive "airdrop" tokens from new Dapps that choose to build on the EOS platform.
All of these are open-book blockchains. Each have specific use cases. They are safe, and fully decentralized. They are the future of the internet!