GlobalBlock Joins Trade Association CryptoUK Alongside Brands like Crypto.com
London, United Kingdom and Vancouver, British Columbia--(Newsfile Corp. - December 22, 2021) - GlobalBlock Digital Asset Trading Limited (TSXV: BLOK) (OTC Pink: BLVDF) (FSE: BD4) (the "Company" or "GlobalBlock") is pleased to announce that the Company's wholly owned operating subsidiary, GlobalBlock Limited ("GlobalBlock UK"), has joined CryptoUK (https://cryptouk.io/) to help strengthen dialogue with UK regulators and policy makers. The UK trade association has legal, accounting and financial services firms amongst its members, which includes Crypto.com, CryptoCompare, BCB Group, Electroneum, eToro, Ripple and Simmons & Simmons.
Rufus Round, CEO at the Company, said:
"We are delighted to join the CryptoUK association whose key principles to promote UK leadership in the digital asset space and to support good regulation, align closely with our brand principles of service, transparency and security. This is an important step in our development to become the most transparent and customer focused cryptocurrency broker in the UK. Becoming a member of an established and growing trade association such as CryptoUK is key in helping to build the infrastructure UK investors are asking for and to ensure the UK remains at the forefront of the exciting and fast growing digital asset space."
CryptoUK started in 2018 and represents businesses across the cryptoasset industry seeking to share best practice, respond to industry developments and help inform regulators and policymakers of the benefits of the industry. The trade association is entering a new phase in its development as it seeks to build stronger collaboration across the community by establishing a governmental lobby group in 2022.
Members of CryptoUK benefit from collaborating and working in the best interests of the industry and its consumers. They agree to abide by rules of fair conduct by employing a Code of Conduct and engaging with regulators to ensure consumer safety, the promotion of best practice and provide certainty and clarity for cryptoasset financial service providers.
Ian Taylor, Executive Director, at CryptoUK, said:
"We are focused on our mandate to build and nurture meaningful relationships with regulators, and policymakers to ensure they have access to experts within the cryptoasset industry, to foster collaboration with industry participants and to inform their policy development. We are delighted to welcome GlobalBlock UK as our newest members of CryptoUK and look forward to working with them to lend their experience, expertise and influence in support of our advocacy efforts and to continue to drive positive outcomes for the industry and the UK economy."
ABOUT THE COMPANY
GlobalBlock Digital Asset Trading Limited is a publicly traded holding company (TSXV: BLOK) whose wholly owned subsidiary, GlobalBlock Limited (https://www.globalblock.co.uk), is a United Kingdom based digital asset broker that provides a personalised telephone brokerage service, trading platform and mobile app. Established in 2018 by an experienced team of financial services professionals, GlobalBlock Limited acts as a trusted agent serving the digital asset needs of individuals, corporates, institutional financial firms and intermediaries, providing best execution trading and safe custody of digital assets.
GlobalBlock Limited has been temporarily registered under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 as a cryptoasset business until 31st March 2022, pending the determination of the application by the Financial Conduct Authority. At this time, GlobalBlock Limited only accepts United Kingdom and Ireland resident clients or customers for its digital asset broker or trading services.
For further information please contact the Company at:
Rufus Round, CEO
c/o 65 Curzon Street, London, W1J 8PE, United Kingdom
Tel. +00 44 20 3286 2904
Citigate Dewe Rogerson
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain information set out in this news release constitutes forward-looking statements or information. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "intend", "could", "might", "should", "believe" and similar expressions. In particular, this news release contains forward-looking statements in respect of among other things, the continued and successful development of the businesses of each of the Company and GlobalBlock Limited, the ability of GlobalBlock Limited to obtain the applicable regulatory approvals (including permanent registration with the Financial Conduct Authority in the United Kingdom) to continue to conduct its business, the completion of and timing of release of the Company's wholly owned app, and other information concerning the intentions, plans, future action and future successes of the Company, and its businesses, results, technologies and products described herein. Forward-looking statements are based upon the opinions and expectations of management of the Company as at the effective date of such statements and, in certain cases, information provided or disseminated by third parties. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, and that information obtained from third party sources is reliable, they can give no assurance that those expectations will prove to have been correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, risk factors set forth in the Company's most recent management's discussion and analysis, a copy of which is filed on SEDAR at www.sedar.com, and readers are cautioned that the risk factors disclosed therein should not be construed as exhaustive. These statements are made as at the date hereof and unless otherwise required by law, the Company does not intend, or assume any obligation, to update these forward-looking statements.
Readers are cautioned that past performance is not indicative of future performance and current trends in the business and demand for digital assets may not continue and readers should not put undue reliance on past performance and current trends.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/108354