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Code of Conduct
To promote industry best practice, all CryptoUK members subscribe to its principles and self-regulatory Code of Conduct set out below. CryptoUK members are committed to working together to proactively update the Code and ensure it remains fit for purpose in delivering best practice amongst members.
Three Key Principles
UK Leadership
Support Good Regulation
Self-Regulation
Members support the Association’s self-regulatory Code of Conduct, including taking the appropriate measures to know their customers, act fairly, maintain operational standards, and prevent financial crime. Members commit to working together to further improve such standards for best practice.
Code of Conduct
UK Potential
Members recognise the UK’s potential to become a leader in the use and development of cryptoassets through the pursuit of supportive policies and regulation, as appropriate.
Collaboration
Consumer Trust
Transparency
Communications with customers and prospective customers (including marketing and promotional material) must be fair, clear and not misleading – enabling informed decisions to be made, as required.
Structure
Insight
Security
Segregation
Reduce Risk
Deterrence
Due Diligence
Integrity
To tackle market abuse, members commit to halting trading if suspicious activity is identified; to suspend and close any accounts engaging in such activity; and to notify the relevant authorities.