British crypto advocates team up for better practices and common lexicon.
, the Payments Association, CityUK and UK Finance. The latter three organizations are national financial and professional advocacy groups that have previously been engaged in crypto research and advocacy.
The forum members will collaborate on an industry-wide response to developments in the cryptosphere. The statement specifically mentions central bank digital currency and “the regulatory approach to stablecoins and other variable value cryptoassets” as its purview. The statement said: “The group will seek to enable a safe and secure environment for innovators to grow and attract international investment into the UK. […] The group will aim to mitigate the actual risks and alleviate the perceived risks through education and the ability to advocate for appropriate policy and proportionate regulation.
We are incredibly proud to be one of the five associations to have come together to form the UK Forum for Digital Currencies , alongside the City of London Corporation, The Payments Association, TheCityUK and UK Finance
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