LONDON, UK / ACCESSWIRE / July 22, 2021 / Currency.com, the high-growth European cryptoplatform, has today announced it has joined CryptoUK, the trade association for the UK's crypto digital sector. CryptoUK is a self-regulatory trade association established to promote higher standards of conduct in the crypto sector, help create fit for purpose regulation and ensure the UK fulfils its potential to be a global crypto leader. Currency.com joins the association as an Executive Member.
As an Executive Committee member of CryptoUK, Currency.com will share best practices and recommend how the sector responds to industry developments. Alongside the association's other members, it will also provide information to regulators and policymakers to help drive new regulation in the sector. Other Executive Members of CryptoUK include Crypto.com, CryptoCompare, BCB Group, Electroneum, eToro, Ripple and Simmons & Simmons.
Vitaliy Kedyk, Head of Strategy at Currency.com, said:
"Consumer and institutional adoption of cryptocurrencies and tokenised assets has grown steadily in recent months, suggesting the sector is on the cusp of turning mainstream. As demand for cryptocurrency picks up, regulation and best practices must continue to keep up with changes in the industry. To foster greater dialogue, collaboration and knowledge-sharing between the burgeoning crypto sector and regulators, we have joined CryptoUK as an Executive Member. Currency.com is committed towards ensuring the integrity of the UK crypto sector and the security of its investors and we have every confidence that we can achieve this with CryptoUK."
Ian Taylor, Chair of CryptoUK, said:
"Our community collaborates to grow the UK's digital asset sector and help develop a supportive regulatory framework for crypto asset businesses and consumers. Currency.com will bring significant local and global expertise to our Executive Committee and its initiatives. We look forward to working with them to help ensure the UK fulfils its global leadership potential and to foster innovation, job creation and investment opportunity."
For more information about CryptoUK and its members, please visitcryptouk.io
For more information about cryptoplatform Currency.com, please visit currency.com
NOTES TO EDITORS
Currency.com is a high-growth, crypto platform seamlessly linking the booming world of cryptocurrencies with the world of traditional financial assets. The crypto platform is powered by simple, slick and intuitive technology to empower investors to securely buy, trade and invest in popular cryptocurrencies using both crypto and fiat currencies.
In markets where it is permissible to do so, the crypto platform additionally enables investors to trade tokenised equities, tokenised indices and tokenised commodities, thereby allowing more investors to diversify their assets beyond cryptocurrencies. To help investors trade with confidence, the cryptoplatform is fitted with robust risk management controls, transparent pricing and extensive financial education content.
In 2020, the cryptoplatform reported a 374 per cent growth in its client base, making it one of Europe's fastest growing crypto exchanges. Venture Capitalist Viktor Prokopenya was an early investor in the company through his fund VP Capital.
Currency Com Limited is authorised by the Gibraltar Financial Services Commission to provide Distributed Ledger Technology services under licence number 25032. Currency Com Bel LLC is registered as a Belarus High Tech Park resident authorised to carry out activities using tokens. The company has offices located in the UK, Cyprus, Belarus, US, Gibraltar and Ukraine.
To find out more, visitwww.currency.com
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Launched in March 2018,CryptoUK is the U.K. 's trade association representing the digital asset sector. Our members, composed of leading companies from across the sector, believe that crypto and digital assets can help enhance the way we undertake financial transactions, to the benefit of consumers, business and security.
Together, we are working to help educate policy makers and regulators about the crypto and digital asset industry, and to work with them to develop a balanced and fit-for-purpose regulatory framework for the UK. Our members believe that by working together with policy makers and with each other, we can ensure that the U.K. fulfils its potential to be a global leader in this exciting new industry.