United

Bitcoin

Base

April

<div class="finbold">
 <p class="paragraph">NexeraID, a frontrunner in privacy-focused compliance Web3 solutions, announced its membership with CryptoUK, the premier self-regulatory association for cryptocurrency assets in the United Kingdom, according to the information shared with Finbold on April 11.&nbsp;</p>
 <p class="paragraph">The collaboration underscores NexeraID’s dedication to fostering a regulatory environment that balances innovation with consumer safety and the integrity of financial transactions in the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency domain.</p>
 <h2 class="wp-block-heading" id="h-striking-a-balance-between-privacy-and-transparency">Striking a balance between privacy and transparency</h2>
 <p class="paragraph">The path to widespread crypto adoption is full of challenges such evolving regulations, security vulnerabilities, and the need to strike a balance between privacy and transparency.&nbsp;</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picks for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    This is the real danger for the U.S. economy <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Bitget Wallet execs analyze Base network <span class="self-center text-xs text-slate-500">3 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    We asked ChatGPT to make a $1,000 crypto portfolio amid the Bitcoin halving <span class="self-center text-xs text-slate-500">4 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Bitcoin resistance on trial: BTC in stalemate as strong bearish signal looms <span class="self-center text-xs text-slate-500">5 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">Overcoming such obstacles is paramount if crypto is to be integrated into traditional financial systems and garner broader public trust.&nbsp;</p>
 <p class="paragraph">The partnership between NexeraID and CryptoUK aims to propel forward the discourse on privacy and compliance within the crypto industry, fostering a safer and more secure digital asset ecosystem both in the UK and beyond.</p>
 <h2 class="wp-block-heading" id="h-nexerald-s-role-in-the-partnership">NexeralD’s role in the partnership</h2>
 <p class="paragraph">Known for its zero-knowledge proofs (ZKP), NexeraID provides a privacy-centric compliance solution empowering businesses to adhere to stringent regulatory standards while preserving user anonymity.&nbsp;</p>
 <p class="paragraph">This technology holds particular relevance in light of recent legislative changes targeting anonymous transactions, showcasing NexeraID’s pivotal role as a strategic ally in navigating the evolving compliance landscape.&nbsp;</p>
 <p class="paragraph">The company’s expertise positions it as a valuable contributor to CryptoUK’s mission to champion a secure, transparent, and innovative crypto asset industry in the UK.</p>
 <p class="paragraph">Rachid Ajaja, CEO of NexeraID, expressed enthusiasm about the partnership, stating:</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“Our collaboration with CryptoUK marks a significant milestone in our quest to bridge the gap between advanced technology and regulatory <a rel="noopener noreferrer nofollow" title="compliance" href="https://thebittimes.com/tag/compliance.html">compliance</a>. We are enthusiastic about partnering with industry leaders to advocate for policies that foster the growth and integrity of the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> sector, all while prioritizing user <a rel="noopener noreferrer nofollow" title="privacy" href="https://thebittimes.com/tag/privacy.html">privacy</a> and security.”</p> <cite>— Rachid Ajaja, CEO of NexeraID</cite>
 </blockquote>
 <h2 class="wp-block-heading" id="h-upholding-regulatory-standards">Upholding regulatory standards</h2>
 <p class="paragraph">NexeraID shares CryptoUK’s vision of positioning the UK as a global leader in crypto assets.&nbsp;</p>
 <p class="paragraph">By joining CryptoUK, NexeraID reaffirms its commitment to the association’s self-regulatory Code of Conduct.&nbsp;</p>
 <p class="paragraph">NexeraID’s practices align with CryptoUK’s core principles of fighting for consumer trust, fostering transparency, and ensuring more robust security within the industry.</p>
 <h2 class="wp-block-heading" id="h-conclusion">Conclusion</h2>
 <p class="paragraph">As a new member of CryptoUK, NexeraID expects and predicts meaningful collaborations with political, regulatory, and legal entities, alongside fellow members.&nbsp;</p>
 <p class="paragraph">The main objective is to cultivate a supportive environment for crypto assets in the UK, lower risk, and counter illicit uses of the technology.&nbsp;</p>
 <p class="paragraph">NexeraID eagerly awaits the opportunity to leverage its <a rel="noopener noreferrer nofollow" title="privacy" href="https://thebittimes.com/tag/privacy.html">privacy</a>-focused <a rel="noopener noreferrer nofollow" title="compliance" href="https://thebittimes.com/tag/compliance.html">compliance</a> expertise to enrich the country’s regulatory discussions and <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> initiatives.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/cryptouk-welcomes-nexeraid-as-a-partner-in-crypto-privacy-preserving-compliance-tbt85110.html">https://thebittimes.com/cryptouk-welcomes-nexeraid-as-a-partner-in-crypto-privacy-preserving-compliance-tbt85110.html</a></p>

CryptoUK welcomes NexeraID as a partner in crypto privacy-preserving compliance

Table of Contents

TheBitTimes

Other articles published on Apr 11, 2024

$250K Bitcoin? Tim Draper says halving, Bitcoin ETFs will drive demand

XRP: Sudden Transfer of Millions in XRP Might Affect Price, Here's Why

Bitcoin Price Dynamics: Analysts Weigh In

Dubai crypto watchdog aims to ease burdens for small entities

Mempool Founder Calls Out Bitcoin L2, Critiques Major Anomalies

Gear Up for Altseason with These Prime Tokens

Join our free newsletter for daily crypto updates!