Dacxi Digital Asset Exchange joins CryptoUK, the self-regulating trading association in the British cryptocurrency industry.
According to the CryptoUK announcement, Dacxi will join the group as the eighth executive member along with Binance. UK, Coinbase, CryptoCompare, Electroneum, eToro, Ripple and Simmons & Simmons. Leading members are responsible for working together “to steer society’s strategic direction”, as well as working with government developers in the UK to develop a code of coding.
Katherine Waller, CEO of Dacxi UK, said the addition of the exchange indicated “the company’s growing role and influence in the UK crypto ecosystem.”
A self-regulatory group was formed in early 2018 and added more than 50 members as the adoption of cryptocurrency in the UK grows. Binance UK joined CryptoUK as a managing member in August, and the payment network for CryptoCryptovaluta became part of the group in November.
CryptoUK said it is currently focusing on responding to a public consultation with the UK Treasury on a regulatory approach to cross-border stack coins and other cryptocurrencies. The government agency announced last Thursday that they would accept answers until March 21.
Adding Daxie as a board member comes just a week before the group’s deadline to respond to a November proposal from the FCA. On January 22, the CFA will conclude public consultations on proposed changes to the method of increasing FCA fees.