We are delighted to announce that we have joined CryptoUK, the UK’s leading Association of Crypto companies. Apart from representing the Crypto industry in general, the Association has been working hard with the FCA to align the interests of both sides.
The Association has over 50 members including, the likes of Binance, Coinbase and CryptoCompare.
You can read about their code of conduct here: https://cryptouk.io/codeofconduct/
Their key position statements for 2020 are:
1. CryptoUK seeks to work with policymakers toward establishing a fair, transparent, and consistent approach for FCA regulated financial institutions to risk assess a digital asset-related business in the UK to open a bank account.
2. CryptoUK seeks to engage regularly with HMT to support policymaker education around emerging digital asset trends and business models.
3. CryptoUK seeks to establish with policymakers a balanced, fair and consistent approach to the governance and oversight of the sale of investment products referencing crypto asset to retail clients (futures, swaps, ETF’s, leverage products, etc)
Scotcoin and The Scotcoin Project CIC have long adhered to the principles of CryptoUK. Regulation and transparency, together with strong anti-money laundering policies will only enhance the acceptance of cryptocurrencies by the general public.