Currency.com has connected with CryptoUK to help controllers and policymakers implement a new structure and measures to administer the UK’s growing cryptocurrency industry. As digital currency continues to see increased adoption in the UK, they have immediately become the focal point of consideration by the Financial Conduct Authority (FCA), which directs the cryptocurrency AML (anti-money laundering) and CTF (counter-terrorism financing) exercises.
While the FCA has acquainted a few rules with assistance cryptocurrency exchanges work inside the country, the current strategies make it hard to push for standard adoption. A part of this is on the grounds that most guidelines overseeing cryptocurrencies are still at a beginning stage and need further enhancement. This would only be possible through increased transparency and greater information exchange between those entities involved.
To assist with creating more discussion among controllers and industry leaders, Currency.com, the world’s originally directed tokenized resources exchange, has joined CryptoUK, a self-administrative exchange association for the UK cryptocurrency industry and the body addressing the digital asset space in the UK. It also serves as the platform to manufacture more grounded associations between communities and works with policymakers and market members to foster adjusted strategies and guidelines that oversee digital currency in the UK and EU.
Currency.com is now an Executive Committee Member of CryptoUK. As such, it joins other high-profile industry leaders, including BCB Group, CoinShares, CrytpoCompare, Electroneum, eToro, Simmons & Simmons, Ripple and several other leading brands to share best practices and to help introduce clearer policy guidelines. With customer and institutional reception of digital currency and tokenized resources increasing consistently, suggesting that the space is on the cusp of turning standard, guidelines and best practices should stay on top of the changes in the industry.