Hedera (HBAR) has made a notable entry into the crypto world by joining the UK Cryptoasset Business Council (UKCBC). This move, highlighted in a recent post from Hedera, demonstrates the platform’s commitment to fostering innovation and development in the UK crypto landscape, alongside industry leaders such as Ripple and Coinbase.

In a recent post on Significantly, Hedera’s integration into the UKCBC marks a pivotal moment for the platform, connecting with key players in the Web3 space.

At the same time, Hedera, through its membership, shows optimism to join renowned institutions such as Coinbase, Ripple, Archax and Uniswap Labs in a joint effort to drive innovation and promote the adoption of decentralized technologies in the UK.

Additionally, Hedera expressed excitement about joining the UKCBC, highlighting its commitment to promoting Web3 innovation and growth within the region. This move not only strengthens Hedera’s presence, but also signals its commitment to collaborative efforts aimed at shaping clear and effective regulatory frameworks for the crypto industry.

The UK Cryptoasset Business Council serves as a crucial platform within the UK crypto system. According to its website, it focuses primarily on supporting users, investors and businesses, while advocating innovation and consumer protection through informed policy decisions.

Additionally, committed to promoting collaboration and best practices, UKCBC has a roster of prominent industry players including Moonpay, Kraken, Chainalysis, and more. This diverse membership base, which now includes Hedera, Ripple and Coinbase, highlights the council’s influence in shaping the future of crypto regulation and promoting trust and sustainability within the industry.

Despite the positive announcement, Hedera’s price traded almost flat at $0.1114 over the past 24 hours. Trading volume fell 19% in the same period to $71.12 million. Notably, the HBAR price is down about 5% in the last seven days, while seeing a monthly increase of about 6%.

Source: https://cryptobenelux.com/2024/03/22/hedera-sluit-zich-aan-bij-ukcbc-samen-met-ripple-en-coinbase/

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