Published 23 November 2021
Binance, a cryptocurrency exchange, has said it is working with regulators and policymakers to develop a global regulatory framework for the crypto ecosystem.
According to a statement, the company is working on a framework that will protect users and allow innovation in the sector.
“Amid the recent market highs, an influx of new investors and maturation of the crypto industry, Binance is working with regulators and policymakers to develop global regulatory frameworks that achieve the mutual goal of protecting users, while allowing innovation to continue in a responsible manner, ensuring a healthy trajectory forward for the industry,” it said.
The company also announced new fundamental rights for crypto users.
According to Binance, the customer rights are meant to ensure safe access to emerging technologies, liquidity, and secure platforms.
Binance Chief Executive Officer, Changpeng Zhao, said, “At Binance, our priority has always been the everyday user, from their security to their experience as part of a greater community. That’s what crypto is all about, and it’s important that we don’t lose sight of that as an industry.
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