Published On: Wed, Feb 14th, 2018

Crypto Industry, Regulate Thyself – Cryptocurrency Giants Form Self-Regulatory UK Trade Body

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Seven of the biggest crypto companies have joined forces this week to form the first UK trade body for the industry, as reported by The Telegraph. Pre-empting the ever-looming threat of the financial authorities,  they have produced a code-of-conduct, which they hope will form the basis of any future regulation.
Industry-wide Self-Regulation
CryptoUK will represent the interests of the entire cryptocurrency sector, and its founder members reflect this diversity.
Initially, the body covers exchanges, trading platforms and comparison sites for buyers and sellers of tokens. Also represented are intermediaries and merchants, those who facilitate and accept payments and transactions. And finally, asset managers and providers of crypto-based hedge and investment funds.
It seems one of the few things not currently covered are ICOs, but the working group is also currently considering these as well. One of the founding members, BlockEx, already offer a complaint ICO product, so I can’t see this addition being that far off.
And of course, CryptoUK is also open to new members who sign up to the code of conduct.

Code of Conduct
The code of conduct is a twelve point working document which all members must subscribe to. It …

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