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Five organizations group to form UK crypto alliance

Tower blocks in City of London
Photo: Getty Images

Carmen Cracknell

1 min read
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The City of London Corporation, Digital Pound Foundation, Payments Association, TheCityUK, and UK Finance make up the alliance members.

The grouping together of the organizations to form the Forum for Digital Currencies (FDC) comes at a prescient time for the digital currency space.

The UK Treasury spoke in April of becoming a “crypto hub”. Then-Chancellor-of-the-Exchequer Rishi Sunak said that “effective regulation” would encourage “the businesses of tomorrow to invest,

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