Binance UK proudly announced to reserve its seat with the association of CryptoUK as an executive member. Binance.UK fixed its seat on the CryptoUK Executive Committee along with Coinbase, CoinShares, CryptoCompare, eToro, and Ripple.
CryptoUK was founded in the year 2018 as a self-regulatory trade association. It aims to represent the digital assets of the UK sector to work directly with the policy framers and market participants in order to enhance the balanced policy.
As per the report, this agreement will help to promote sustainable growth and contribute immensely towards the development of industry operations.
The bunch of industry experts will collaborate and work in favor of the association strategy altogether. This strategy may include the code of conduct, policy governance of association that will helps CryptoUK to build global leadership in the era of a fast and rapidly growing industry.
Teana Baker-Taylor, U.K. Director for Binance said “Binance.UK is launching a fiat-crypto trading platform to serve the increasing interest and participation in the U.K. digital asset markets. As a global leader in the digital asset industry, we are committed to working with both our industry peers and policymaker to facilitate discussion and education that foster sustainable policy development in the UK to support and promote a continued focus on financial services innovation.”
As a part of the Association’s Executive Member Binance.UK has promised to actively work on the development of its code of conduct with an intention to provide the best services among all other members present.
At current CryptoUK is focused to work on HM Treasury’s recent public consultation on “Cryptoasset Promotions”.
The collaboration has made the users excited who are eagerly waiting for the recent development and new features. Many crypto enthusiasts has replied to the tweet by congratulating the team and claiming that both were in need of each other.