Dacxi joins self-regulating trade group CryptoUK as executive member

Digital possession exchange Dacxi is signing up with CryptoUK, a self-regulatory trade association for the U.K. cryptocurrency industry.According to an announcement from CryptoUK today, Dacxi will be signing up with the group as its 8th executive member alongside exchanges Binance.UK, Coinbase, CryptoCompare, Electroneum, eToro, Ripple and Simmons & Simmons. Executive members are accountable for collaborating “to lead the associations tactical direction” in addition to working with federal government policy makers in the U.K. to develop a regulative framework for crypto.Katharine Wooller, the handling director of Dacxis U.K. arm, said the addition of the exchange was proof of the companys “growing function and impact in the U.K.s crypto ecosystem. Binances U.K. arm signed up with CryptoUK as an executive member in August, while crypto payments network Electroneum became part of the group in November.CryptoUK specified that it was currently focused on reacting to the U.K. Treasurys public assessment concerning a regulatory approach for cross-border stablecoins and other crypto properties.

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