BlockEx Strongly Supports UK Treasury Committee Recommendations for Regulated Crypto Trading Market

London (ots/PRNewswire) -

Market reputation will be greatly improved by regulation

BlockEx, the digital asset exchange provider for
institutional-grade financial markets, has announced that it strongly
supports the Treasury Committee recommendations for a regulated UK
crypto-asset trading market.

(Logo: http://mma.prnewswire.com/media/608924/BlockEx_Logo.jpg )

The UK Treasury Committee has just published its findings in to
the crypto-asset market and recommended that exchanges should be
regulated to protect consumers; Initial Coin Offerings (ICO/ITO)
should be brought within the remit of the FCA "as a matter of
urgency;" and that the 5th Money Laundering Directive should be
implemented to regulate digital currencies as a matter of priority.

Adam Leonard, CEO at BlockEx, said: "The Treasury Committee has
made sound recommendations that we strongly support and welcome. The
reputation of the market will be greatly improved by regulation to
protect consumers and prevent money laundering. Whilst trading
crypto-assets can be part of a diversified risk portfolio, at BlockEx
we believe that the brokerage that you buy digital assets on should
not add to that risk. Our actions on market regulation speak more
strongly than our words. In the US market our services are only
offered via our FINRA- registered broker-dealer partner. Our own
digital bond product is currently in the FCA Sandbox as part of our
pathway to regulation. And importantly we're a founding member of
CryptoUK, the trade body pushing for better governance in the market,
and recognise the hard work they've done in pushing for regulation."

About BlockEx

BlockEx is the blockchain digital asset exchange and technology
provider for institutional-grade financial market participants, to
allow them to deliver a step change in opportunity, efficiency and
transparency in their own businesses. The company, an award winning
London-based fintech success, delivers and operates
http://www.BlockExMarkets.com its own institutional grade brokerage,
which incorporates blockchain asset origination, dematerialisation
and lifecycle management tools. Find out more at
http://www.BlockEx.com.

ots Originaltext: BlockEx Ltd
Im Internet recherchierbar: http://www.presseportal.de

Contact:
Dan Starr
+44(0)203-637-5764

Original-Content von: BlockEx Ltd, übermittelt durch news aktuell