Carbon credit standards body Verra suspends blockchain, crypto tokenization
27 May 2022

YESTERDAY Verra, the Washington-based non-profit that sets voluntary carbon credit standards, said it is immediately stopping the practice of creating blockchain tokens or instruments based on retired credits
Many blockchain and crypto platforms that offer tokenization use Verra registered carbon credits and mark the credit as ‘retired’ on the registry before creating a token to prevent double spending. However, some leave the credit active.
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