The UK-based cryptocurrency exchange has always been a long-standing proponent of initiatives that work with regulators bring clarity to the industry, states the official press release that was shared with iHodl.
CEX.IO is reportedly among the founders of CryptoUK — an association formed by exchanges, trading platforms, asset managers and major stakeholders, aimed at building cooperation with regulators like the Financial Conduct Authority, to develop an operating framework to best serve the digital asset community.
The Regulatory Affairs Counsel at CEX.IO, Serhii Mokhniev, says the exchange sees the Blockchain and Virtual Currencies Working Group as an avenue to develop an EU-wide approach for crypto industry regulation, which will serve as a template for all Member States, and is a great first step in the development of "next-generation payment and value-transfer systems."
Earlier, the exchange announced the launch of CEX.IO BROKER, a CFD trading platform, which combines forex trading and multi-asset trading solutions.