UK FIRMS ANNOUNCE CRYPTOCURRENCY TRADE BODY

Information Age on 13th February reports that 7 of the largest cryptocurrency providers have come together to form a new crypto trade body, Crypto UK, bringing in the first self-regulation for the sector worth £290 billion.  CryptoUK, whose members include exchange and trading platforms eToro and CryptoCompare, has produced a code of conduct for the crypto-industry to follow.  The move is in the face of the UK Government speaking about official regulation.  Coinbase, one of the largest cryptocurrency exchanges with more than 10 million account holders worldwide, has also joined CryptoUK. Other cryptocurrency companies BlockEx, CEX.IO, CoinShares and CommerceBlock are also included in the trade body.

www.information-age.com/uk-firms-announce-cryptocurrency-trade-body-face-regulation-123470758/?src=ilaw

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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