In an effort to stave off government and bank regulation, a group containing a number of Crypto companies here have set up a group called “Crypto UK”.
CryptoUK chair Iqbal Gandham, who is also the managing director of eToro, admits to the risk of “rogue operators” in this industry, but he is optimistic with the self-regulatory body, as it had been established “to promote best practice and to work with government and regulators.” The Telegraph further quotes Mr. Gandham: “We hope it can form the blueprint for what a future regulatory framework will look like.”
CryptoUK members include major global cryptocurrency exchanges such as Coinbase and trading platforms eToro and CryptoCompare. Coinbase UK CEO Zeeshan Feroz says “The fundamentals are engaging as a single industry with the government. Regulation is imminent and that’s a good thing.”
They have alrady produced a code of conduct which companies must abide by. However, it’s voluntary so frankly it’s only any good to the companies involved!.
Sadly I can’t seem to find the actual regulations?!
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