Several traders have been united into the regulatory assosiation

Several traders have been united into the regulatory assosiation

Great Britain has created the first national structure for crypto regulation.

It got the name CryptoUK and it consists of the BlockEx, CEX.IO, Coinbase, CommerceBlock, eToro and others. This information was given by Finance Magnates.

According to the issue, the chairman of the British eToro office Iqbal V Gandham will become the head of the organization. “This is a severely misunderstood sector that has great potential to improve our society. But we are hearing instances of rogue operators and consumer harm.  That’s why CryptoUK has been established: to promote best practice and to work with government and regulators to ensure that the UK benefits from the exciting potential of this international technology.” – he said.

The officials of the union have already asked for the juridical accounting and evaluation of the clients’ assets’ usage and spread.

At the present moment the regulation of the ICO systems are not included into the list of tasks assigned to the union. The company’s main task is to protect its users and to provide a perfect business space for the trading.

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