Exciting times ahead for Binance.UK as it collaborates with CryptoUK as an executive member 

• Exciting times are ahead for Binance.UK as it was recently announced that it will be joining the self-regulating industry Association CryptoUK as an executive member! 
• This will mean that the platform will join stakeholders such as Coinbase, CryptoCompare and Ripple in leading the association in a strategic and efficient direction in the future.

Exciting times are ahead for Binance.UK as it was recently announced that it will be joining the self-regulating industry Association, CryptoUK as an executive member! This will mean that the platform will join stakeholders such as Coinbase, CryptoCompare and Ripple in leading the association in a strategic and efficient direction in the future.

Formed in 2018, CryptoUK promotes the active code of conduct for its members with Binance.UK planning to take on a proactive role in updating this to make sure that it continues to deliver the best practices for the foreseeable future. The chairman of CryptoUK, Ian Taylor said the following:

“Binance.UK will bring significant local and global expertise to our Executive Committee and initiatives. We look forward to working with them to help develop a supportive regulatory framework for crypto asset businesses and customers in the U.K.”

Teana Baker-Taylor, the banking and financial technology expert, is going to be spearheading this new collaboration as she said the following in a recent interview:

“Self-regulating bodies play a key role in developing [...] best practices, as well as building consumer confidence. Associations like CryptoUK help to facilitate meaningful discussion and education with policymakers, which enables the development of more informed policies that are more effective in supporting both the industry and consumers.”

With the Binance.UK platform initially designed to offer simplified features to buy and sell cryptocurrencies, this is an exciting move for the future.

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!