By Samuel Indyk
Investing.com – London-listed Mode Global (LON:MODE) has today announced it has joined CryptoUK, a trade association for the digital asset industry.
About CryptoUK
CryptoUK is a self-regulatory trade association established to promote higher standards of conduct in the cryptocurrency industry. It was established in 2018 and is working with politicians and regulators to help create fit-for-purpose regulation and ensure the UK maintains its position as a global crypto leader.
Members of Crypto UK include Bitpanda, Revolut, Ripple, and crypto.com.
“Mode will bring significant local and global expertise to our initiatives and we look forward to harnessing the team's experience as we develop fit for purpose regulation for crypto-asset businesses and customers in the UK,” said CryptoUK Executive Director Ian Taylor.
As a member of CryptoUK, Mode Global will work with fellow association members to drive greater dialogue and collaboration with regulators and policymakers - by sharing industry best practices and representing an “on the ground” voice – with a view to developing mainstream adoption.
“As Bitcoin continues to prove its position as a long term store of value, regulation and best practices must keep pace with changes in demand to create a ripe environment for industry growth,” said Mode Global CEO Ryan Moore. “We look forward to representing the sector to continue to develop a robust regulatory framework, so that the UK can maintain its industry leading position.”
At 10:34BST, shares in Mode Global were trading higher by 1.0% at 42.44 pence per share.