CryptoUK welcomes Electroneum as seventh executive member along with Coinbase, eToro, Ripple, Binance, CryptoCompare, Simmons & Simmons
Electroneum, the award-winning cryptocurrency startup, has announced its executive membership of CryptoUK, the UK’s self-regulatory trade association representing the digital assets sector.
The UK-based crypto project has taken a seat on CryptoUK’s Executive Committee along with Binance, Coinbase, CryptoCompare, eToro, Ripple and Simmons & Simmons.
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This group of industry experts and stakeholders work together to guide the strategic direction of the association. This includes the code of conduct, political positions and governance to ensure that the UK fulfills its potential for global leadership in this rapidly developing and expanding sector.
“Electroneum has built the most unique ecosystem in the cryptocurrency industry which, for the first time, allows people with and without a bank to earn ETNs via their global freelance platform AnyTask.com, and accepting it as payment for products and services, ”said CEO and founder Richard Ells.
“Electroneum is one of the fastest growing encryption service providers with nearly 4.1 million users and our AnyTask platform has over 555,000 registered users and more than 20,000 businesses listed in dozens of categories and sub-categories,” he added.
“One of our main regulatory concerns is micropayments. We have hundreds of thousands of people actively using our app for very low face value payments and transactions,” Ells said. “We want to ensure that regulations do not hinder inclusion efforts. financial like ours “.
Electroneum is also committed to abiding by CryptoUK’s self-regulatory principles and code of conduct. As a member of the association’s Executive Committee, the company will take a leading role in proactively updating its Code of Conduct, ensuring that it remains fit for purpose in providing best practices among members.
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“CryptoUK is the UK’s digital asset trading association. Since our launch in 2018, CryptoUK has built meaningful relationships with industry participants, regulators and policy makers,” said Ian Taylor, president of the nonprofit association.
“Our goal is to work in partnership with these players to help develop a balanced regulatory framework that protects businesses and customers and fosters innovation. Electroneum brings additional expertise to our Executive Committee that will be instrumental in these efforts, ”added Taylor.
CryptoUK and its members are currently focused on responding to the UK Cryptoasset Task Force’s consultation on stablecoins expected later this year and on seeking fiscal transparency of cryptocurrencies.
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