The UKCBC actively engages legislators, regulators, and policymakers to be as the primary voice for the UK's Web3 and cryptocurrency ecosystem. It advocates for clear legislation to favorably impact the growth of the UK's cryptocurrency ecosystem, educates policy and regulatory decision-makers, and fosters cooperation and best practices among the top industry participants.

Through the establishment of relevant connections, collaboration, knowledge exchange, and partnerships, the UKCBC assists investors, businesses, and cryptocurrency users in promoting innovation, consumer protection, and growth via efficient policy.

The UKCBC's approval of Clear Junction as a member coincides with a critical turning point in the mainstreaming of cryptocurrency in finance. Institutional and consumer use of cryptocurrency is increasing as a result of the establishment of digital asset regulatory frameworks like the EU's MiCA and the US Securities and Exchange Commission's recent approval of spot Bitcoin ETFs. While organizations are now investigating the possibility of stablecoins in novel use cases, such as a Visa pilot project transferring USDC stablecoins to merchants using the Solana blockchain, the Boston Consulting Group expects that there will be roughly one billion cryptocurrency users by 2027.

"The UKCBC is the ideal forum to drive the sector forward and inform regulations that protect consumers and businesses," said Sasha Skoryk, Director of Product and Banking at Clear Junction. We are eager to cooperate with the council to develop the UK crypto industry by offering our knowledge, experience, and perspectives.

"Clear Junction's decision to join the UKCBC is a testament to our mission of advancing the UK's crypto asset and Web3 sectors through collaboration, education, and advocacy," stated Simon Jennings, Executive Director of UKCBC. We are excited to have them on board because of their knowledge and dedication to creating a cutting-edge environment, which will surely enhance our efforts to create laws that are both beneficial to businesses and consumers in the long run.

Clear Junction was founded in 2016 and holds a complete license from the Financial Conduct Authority. Thanks to its innovative proprietary technology, regulated institutions can easily, securely, and compliantly access virtual IBANs, payment networks, e-wallets, FX, and accounts.

As it expands on its recent successful crypto-related projects, Clear Junction, renowned for its compliance skills and ability to leverage its own tech for new use cases like fiat and crypto trading, has become a member of the UKCBC. To instill confidence in the digital assets market, Clear Junction introduced its ground-breaking anti-fraud escrow solution in December 2022. This solution enables trading exchanges and their clients to securely interact with cryptocurrency and convert it into fiat money at competitive FX rates.

Its internal API system verifies each step of the transaction, facilitating easy access to blockchain information, address validation, and real-time tracking. Every time money is disbursed, both parties will always get exactly what they expected.

Clear Junction purchased the cryptocurrency trading company Altalix in 2023. Altalix is a UK-regulated organization. Through this calculated step, Clear Junction is able to provide its customers with the ability to transact in traditional fiat currencies and investigate cutting-edge methods of utilizing cryptocurrency, such as stablecoins for both inbound and outbound payments.

By partnering with Clear Junction, customers may access new markets, reduce the time to market they usually encounter when forming banking partnerships, and take advantage of cutting-edge technologies and knowledge to obtain more affordable prices and simpler payment options.