Digital asset substitution Dacxi is joining CryptoUK, a cocky-regulatory trade clan for the U.G. cryptocurrency industry.

According to an declaration from CryptoUK today, Dacxi will be joining the group as its eighth executive member alongside exchanges Binance.Great britain, Coinbase, CryptoCompare, Electroneum, eToro, Ripple and Simmons & Simmons. Executive members are responsible for collaborating "to pb the association'due south strategic direction" in addition to working with government policy makers in the U.K. to develop a regulatory framework for crypto.

Katharine Wooller, the managing managing director of Dacxi's U.Grand. arm, said the addition of the exchange was prove of the house's "growing role and influence in the U.K.'s crypto ecosystem."

The self-regulatory grouping formed in early 2018 and has added more than 50 members as crypto adoption in the U.K. grows. Binance'south U.K. arm joined CryptoUK equally an executive member in August, while crypto payments network Electroneum became role of the group in Nov.

CryptoUK stated that it was currently focused on responding to the U.K. Treasury's public consultation regarding a regulatory approach for cross-border stablecoins and other crypto assets. The authorities body announced terminal Thursday that information technology would exist accepting responses until March 21.

The addition of Dacxi as an executive fellow member comes merely a calendar week earlier the deadline for the group to respond to a Nov proposal from the country's Financial Comport Authority, or FCA. On Jan. 22, the financial watchdog will close the public consultation on proposed changes to the way the FCA raises fees.