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${explorer.short}| MarketCap | $ ${ project.market_cap } |
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About the project
ABOUT US
Launched in early 2018, CryptoUK is the UK’s self-regulatory trade association representing the cryptoasset sector.
Our members, comprising leading companies from across the sector, believe that cryptoassets can help enhance the way we undertake financial transactions, to the benefit of consumers, business and security.
Together, we are working to help educate politicians and regulators about the cryptoasset industry, and to work with them in developing an appropriate operating framework for the UK.
We believe that by working together we can ensure that the UK fulfils its potential to be a global leader in this exciting new industry.
Since our formation, we have shone a spotlight on the need for a supportive regulatory framework for cryptoassets in the UK. Following the launch of our campaign, the UK government has launched a Cryptoassets Taskforce, which published its final report in 2018.
As well as working with policymakers, we also represent the crypto industry in relation to the broader financial system and other stakeholders. This includes work to help enable cryptoasset firms to get full access to financial services.
CryptoUK sets a high standard for the industry and we see self-regulation as an important stepping stone to full regulation. Our members sign up to a robust Code of Practice, which includes provisions on know your customer (KYC) and anti-money laundering (AML) checks.
2019 is a vital year for cryptoasset regulation in the UK, with a series of consultations led by HM Treasury and the Financial Conduct Authority. As an organisation, we are working proactively with regulators to ensure a proportionate, effective regulatory framework for cryptoassets in the UK, learning lessons from other jurisdictions across the globe.
Who we represent:
- A marketplace where traders can buy and sell cryptoassets using either fiat or alternative cryptoassets.
- Trading platform/brokers: A service by which you can buy and trade cryptoassets at a price set by the brokerage.
- Comparison sites: Websites which provide data to compare the different rates of cryptoassets.
- A third-party facilitator of payments and transactions.
- Asset Managers: Facilitators of investment and trading of cryptoassets.
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