Mode joins leading trade association, CryptoUK

RNS Number : 2678O

Mode Global Holdings PLC

07 October 2021

 

RNS REACH

Mode Global Holdings PLC

("Mode" or "the Company" or "the Group")

MODE JOINS LEADING TRADE ASSOCIATION, CRYPTOUK

-  Mode joins CryptoUK to develop a regulatory framework that supports the growth of the cryptocurrency industry.

-  Mode will join industry leaders, regulators and policymakers to facilitate crypto's adoption and recognition in the UK and worldwide.

London, 7 October 2021 - Mode Global Holdings PLC ("LSE:MODE"), the LSE-listed fintech group, today announces its membership of CryptoUK, the UK's leading trade association for the digital asset industry.

CryptoUK is a self-regulatory trade association established to promote higher standards of conduct in the cryptocurrency industry, help create fit for purpose regulation and ensure the UK maintains its position as a global crypto leader.

As a member of CryptoUK, Mode will work together with fellow association members to drive greater dialogue and collaboration with regulators and policymakers - by sharing industry best practices and representing an "on the ground" voice - with a view to accelerating mainstream adoption.

Ryan Moore, CEO of Mode, said: "We're delighted to assume sector leadership by joining CryptoUK. As Bitcoin continues to prove its position as a long term store of value, regulation and best practices must keep pace with changes in demand to create a ripe environment for industry growth. We look forward to representing the sector to continue to develop a robust regulatory framework, so that the UK can maintain its industry leading position."

Ian Taylor, Executive Director of CryptoUK, said: "Mode will bring significant local and global expertise to our initiatives and we look forward to harnessing the team's experience as we develop fit for purpose regulation for crypto-asset businesses and customers in the UK. We are delighted to welcome Mode to the CryptoUK community."

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About Crypto UK:

Launched in March 2018, CryptoUK is the UK's trade association representing the digital asset sector. Its members, composed of leading companies from across the sector, believe that crypto and digital assets can help enhance the way we undertake financial transactions, to the benefit of consumers, business and security.

Together, they are working to help educate policy makers and regulators about the crypto and digital asset industry, and to work with them to develop a balanced and fit-for-purpose regulatory framework for the UK. Its members believe that by working together with policy makers and with each other, they can ensure that the U.K. fulfils its potential to be a global leader in this exciting new industry.

About Mode:

Mode is an LSE-listed fintech company on a mission to build the world's most disruptive ecosystem where exchanging value and growing wealth is seamless for all. Mode is leveraging the power of Bitcoin and Open Banking to deliver on this mission and offer customers in the UK a one-stop app to shop, earn and grow their Bitcoin, all in one place. For businesses, Mode provides a cheaper, safer and smarter alternative to card payments that rewards shoppers with Bitcoin Cashback.

To learn more visit our customer/business site at www.modeapp.com or our investor site atwww.modeplc.com.

Contact:

Maitland/AMO (PR): Kate Pledger [e-mail]

 

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