- The collaboration seeks to establish a favorable regulatory framework for cryptocurrencies and blockchain technology in the UK.
- This union between technology giants symbolizes a commitment to the advancement and optimism in decentralized finance.
Discover how Hedera’s recent partnership with UKCBC, Ripple and Coinbase is setting the stage for unprecedented innovation and regulation in the UK crypto landscape. A transformative move for the industry.
Hedera Hashgraph has joined forces with the UK Cryptoasset Business Council (UKCBC), joined by tech giants such as Ripple and Coinbase. This partnership represents a collective effort to promote technological advancement and establish a regulatory framework that will benefit the development of cryptocurrencies and blockchain-based technologies in the country.
We are excited to announced that #Hedera has officially joined the UK Cryptoasset Business Council (UKCBC), joining the likes of @ArchaxEx, @coinbase, @Ripple, @Uniswap Labs, and other leading institutions to foster #web3 innovation and growth in the UK.https://t.co/xr4KnKLjWV pic.twitter.com/7nocj7UXXR
— Hedera (@hedera) March 21, 2024
Hedera’s participation in this initiative places it at the forefront of the quest for a more regulated, innovative and sustainable cryptocurrency market in the UK. The UKCBC, which is backed by blockchain industry figures, acts as a platform for dialogue and action on issues relevant to the crypto world.
Hedera’s inclusion alongside Ripple and Coinbase in the UKCBC goes beyond simply being members of an organization. It represents a statement of intent, showing a firm commitment to technological progress and an optimistic vision for the decentralized financial future in the UK.
The union not only extends Hedera’s influence but also signals a significant move towards creating a more regulated, transparent and secure sector, as we have broken down on ETHNews previously.
