Business
Mode joins leading trade association, CryptoUK
Mode joins leading trade association, CryptoUK.
About this update from R8 Capital Investments Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2678O\n Mode Global Holdings PLC\n 07 October 2021\n \n \n \n \n RNS REACH \n \n \n \n \n \n Mode Global Holdings PLC\n \n \n (\"Mode\" or \"the Company\" or \"the Group\")\n \n \n \n \n \n MODE JOINS LEADING TRADE ASSOCIATION, CRYPTOUK\n \n \n - Mode joins CryptoUK to develop a regulatory framework that supports the growth of the cryptocurrency industry.\n - Mode will join industry leaders, regulators and policymakers to facilitate crypto's adoption and recognition in the UK and worldwide.\n \n \n London, 7 October 2021 - Mode Global Holdings PLC (\"LSE:MODE\"), the LSE-listed fintech group, today announces its membership of CryptoUK, the UK's leading trade association for the digital asset industry.\n \n CryptoUK is a self-regulatory trade association established to promote higher standards of conduct in the cryptocurrency industry, help create fit for purpose regulation and ensure the UK maintains its position as a global crypto leader.\n \n As a member of CryptoUK, Mode will work together 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 accelerating mainstream adoption.\n \n \n Ryan Moore, CEO of Mode, said: \"We're delighted to assume sector leadership by joining CryptoUK. 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. 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.\"\n \n \n Ian Taylor, Executive Director of CryptoUK, said: \"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. We are delighted to welcome Mode to the CryptoUK community.\"\n \n -Ends-\n \n About Crypto UK:\n \n Launched in March 2018, CryptoUK is the UK's trade association representing the digital asset sector. Its members, composed of leading companies from across the sector, be...