Binance Demands Global Crypto Regulation

Binance, a cryptocurrency exchange, has advocated for “global regulatory frameworks for crypto markets.” In addition, the corporation has created a “Crypto Is Evil” marketing campaign with “10 Fundamental Rights for Crypto Users.”

Binance, a cryptocurrency exchange, published “10 Fundamental Rights for Crypto Users” and many crypto adverts in major newspapers on Tuesday, calling for “global regulatory frameworks for crypto markets.”

The Ten Basic Rights of Crypto Users The business claimed that it “can serve as a guiding hand in regulatory discussions and the development of global frameworks for crypto markets.” They “will serve as a guiding point to launch more productive conversations with the larger industry, including other exchanges, blockchain innovators, policymakers, and world leaders,” according to the exchange.

Noting that “The future of crypto needs to be user-focused,” Binance detailed:

The customer rights, as described in a series of advertisements published today globally, are meant to ensure safe access to emerging technologies, liquidity, and secure platforms among other steps to ‘protect users without limiting growth and innovation.’

The same advertisement, headlined “Crypto Is Evil,” appears in prominent magazines such as the Washington Post, New York Times, and Financial Times.

“When it comes to crypto, don’t let the headlines deceive you,” one section of the ad says. There is a world beyond bitcoin and dogecoin, one in which financial opportunity is available to everyone, not just the wealthy. “Bitcoin belongs to all of us.” It also includes a list of all ten Fundamental Rights of Crypto Users.

Changpeng Zhao, CEO of Binance, stated:

Regulation and innovation are not mutually exclusive. We want to do everything possible as an industry to work with regulators and world leaders to identify what is going to be the effective regulatory policy that, most importantly, protects users and spurs innovation.

Many regulators throughout the world have issued warnings regarding Binance operating illegally in their countries, including the United Kingdom, Netherlands, South Africa, Hong Kong, Malaysia, Thailand, Lithuania, Italy, Singapore, and Canada. Binance is also being investigated by US authorities for suspected market manipulation and insider trading.

Patrick

Coincu News