Stephen Hammond, an MP of the British Parliament, joins crypto exchange IronX as an advisor on government relations. Hammond is also a member of the UK Treasury Select Committee. The IronX exchange is a joint venture between EmurgoHK, Cardano (ADA) developers and online trading firm IronFX. ADA is the ninth largest cryptocurrency in terms of market capitalization.
In his statement, Hammond said that the only way in which cryptocurrencies can become acceptable and trusted in the traditional business environment is through regulation. He said that governments can’t afford to be ambiguous in their stance towards cryptocurrency and they need to engage themselves with the industry. Hammond added that he firmly believes that there is a great opportunity to improve the status quo of the financial system. He stated that he was looking forward to being a part of an exciting journey ahead with IronX.
In his role as an advisor on government relations at the IronX crypto exchange, he is expected to contribute his expertise in traditional financial markets alongside the perspective of regulators and policymakers. He will be assisting in the development of effective regulation for the burgeoning crypto sector.
Prior to being an MP, Hammond has more than 20 years of experience in the financial markets with some of the biggest investment banks and fund management firms. He had been the MP for Wimbledon, Motspur Park, Raynes Park and Morden since 2005, as stated in the Cryptovest report. Hammond is presently a member of the UK Treasury Select Committee and is responsible for regulation and financial oversight.
Crypto exchange IronX’s new government advisor’s background in business and finance is combined with a strong commitment towards community affairs as well. Hammond was the Deputy Chairman of Merton Citizen’s Advice Bureau and is presently a sidesman at the St. Mary’s church, Wimbledon. He has also worked hard to improve the local healthcare provision, as stated in his bio on his official website.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]