The Digital Pound Foundation (DPF), announced today that it has developed a strategic partnership with CryptoUK, a self-regulatory trade association in the United Kingdom representing the crypto sector. The latest collaboration will support the development of a robust ecosystem for new forms of digital money in the UK.
Formally introduced in October last year, the Digital Pound Foundation is an independent, non-profit organization working on the implementation of a well-designed digital Pound. In the past few months, DPF formed several partnerships with some of the leading names in the global crypto ecosystem.
In October 2021, soon after the official launch of DPF, Ripple, one of the world’s leading blockchain solutions providers, announced that the company is joining the Digital Pound Foundation in an effort to support the new forms of digital money in the UK.
“We are always looking for ways to ensure our community evolves and grows in relation to the challenges the crypto industry in the UK faces. Partnering with DPF to enable the success of the work both organizations are driving around advocacy and regulation will prove to be an essential element of the whole crypto ecosystem in the UK. We look forward to working with them to support both our objectives, and those of our community,” Ian Taylor, an Executive Director of CryptoUK, said.
CryptoUK
Launched in 2018, CryptoUK, in partnership with its members, is working with leading crypto stakeholders for the development of digital assets in the region. Jannah Patchay, the Originating Member and Policy Lead for the Digital Pound Foundation, believes that the emerging forms of digital money are essential for the growth of economic activities.
“CryptoUK has been instrumental in developing strong, meaningful relationships and conversations between the broader digital asset community and the UK’s policymakers and regulators. We are delighted to be partnering with CryptoUK and look forward to a fruitful collaboration,” Patchay said.
