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Preventive Measures: UK Crypto Companies to Form a Self Regulatory Body

“In the United Kingdom, seven of the largest cryptocurrency exchanges and other crypto companies are forming a trade body to impose self-regulation on digital coins” reports Regulation is imminent and that’s a good thing.” Four popular cryptocurrency companies — BlockEx, CEX.IO, CoinShares, and CommerceBlock — join the trade body.Recently warnings issued speak to Bitcoin investments as “a bubble.” Earlier, both EU and UK regulators had threatened to crack down on cryptocurrencies.The authorities in the UK and the EU maintain a tough regulatory stance with Bitcoin and other cryptocurrencies.

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