It’s fantastic to announce that coinpass.com has partnered with CryptoUK the UK's self-regulatory crypto asset trade association. coinpass will have a community member's seat alongside so many great names, such as Archax, Huobi, Ripple, and Coinbase to name but a few.
United, this group of industry leaders provide a valuable contribution to the association's work around regulation. We will work together to help educate politicians and regulators about the crypto asset industry, to achieve a fair regulatory framework for the UK. By industry professionals working as one, we can ensure the UK fulfills its potential as a global leader in the crypto assets space.
The CEO of coinpass Jeff Hancock commented on the new strategic partnership:
“At coinpass.com, we take being an intermediary in crypto very seriously. We are pro-regulation and understand the importance of regulated endpoints between traditional finance and crypto. We may not have achieved regulation in the UK yet, but partnerships like these with likeminded intermediaries emphasises the maturity of the industry – working together, not against each other is now more important than ever.”
The UK government is working on a proposal to bring certain crypto assets into the scope of financial promotions regulation. The government is currently consulting with the CryptoUK and its members on the HM Treasury’s Cryptoasset Promotions. This is just one of the use cases of the alliance at work.