Currency.com, a regulated platform dealing in tokenised assets, has teamed up with CryptoUK, a self-regulatory trade committee for the cryptocurrency industry.
CryptoUK, based in the UK and consisting of global cryptocurrency firms, aims to enhance industry standards, dispel myths about the cryptocurrency business, and develop a conversation with regulators. Currency.com has become an executive member of the group.
Currency.com will contribute its knowledge and propose recommendations in the growing crypto sector as an executive member.
“We have joined CryptoUK as an executive member, in order to foster better dialogue, collaboration, and knowledge sharing between the growing cryptocurrency sector and regulators.” said Vitaly Kedyk, Currency.com’s Head of Strategic Department.
The exchange will also give the policymakers and watchdogs information and particulars, in collaboration with other members of the organisation, to help lay a framework of regulations for the cryptocurrency sector. BCB Group, Crypto.com, CryptoCompare, Electroneum, eToro, Ripple, and Simmons & Simmons are among the other executive members of CryptoUk.
Vitaly Kedyk stated, “Currency.com is committed to ensuring the integrity of the UK crypto sector and ensuring the safety of its investors, and we are fully confident that we can achieve this with CryptoUK.”
Currency.com’s business is governed by the President of the Republic of Belarus’s Decree “On the Development of the Digital Economy” and other legislation of the republic. The Gibraltar financial regulator has granted Currency Com Limited a DLT licence. The award-winning platform also holds registrations with and FINTRAC in the United States (Canada).
Currency.com customers can choose from more than 2000 assets for trading, with leverage reaching 1:500 for certain asset types. Traders can fund their accounts using Russian and Belarus Rubles, US Dollars, Euros, and cryptocurrencies.