Currency.com, a cryptocurrency exchange, has announced a partnership with CryptoUK, a UK trade union in the digital sector, for productive collaboration with regulators and politicians.
The regulatory body wants to share its best practices with the crypto business to make the emerging market sector safer for investors. Currency.com will then assist financial and political organizations in hastening the adoption of new digital currency legislation. Crypto.com, BCB Group, Ripple, CryptoCompare, eToro, Simmons Simmons, and others are among the more than 60 CryptoUK members.
According to Currency.com’s head of strategy, the adoption of tokenized assets around the world is fast gathering momentum, signifying the possibility for cryptocurrencies to become “mainstream.” Finance ministries must keep up with the emerging business evolving right before our eyes as demand develops. They will need to work with regulators and share their knowledge and experience to do this. He believes that this is the only way to maintain the integrity of the British crypto sector, and CryptoUK will assist him in this endeavor.
The rise of the digital asset sector is one of the most crucial challenges in global finance today, according to the CryptoUK chairman. They are willing to assist Currency.com and other crypto sector leaders in implementing creative ideas, expanding investment opportunities for British citizens, and creating thousands of new jobs in the regulatory process.
The experts’ group will strengthen the regulatory framework for a new asset class in the United Kingdom. At the same time, big market players like Binance are still being scrutinized by British regulators, and some UK banks have enforced a block on payments involving the exchange.