Seven major crypto exchange companies operating in the UK, BlockEx, CEX.IO, Coinbase, CoinShares, CommerceBlock, CryptoCompare, and eToro have come together to form a first of its kind self-regulatory UK trade body for the cryptocurrency industry called CryptoUK.
THE COMPANIES HAVE ANNOUNCED THE CREATION OF AN INDEPENDENT CRYPTOCURRENCY AGENCY. THE GROUP, CRYPTO UK, HAS STATED THAT ITS MAIN OBJECTIVE IS “TO IMPROVE INDUSTRY STANDARDS AND INVOLVE DECISION MAKERS”.
The companies said they hoped that the settlements would be the first part of the extended UK rules for volatile cryptocurrency transactions.
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