MEASURES

Binance launches rights protecting crypto users

They serve as a guiding hand in regulatory discussions and development of global frameworks.

In Summary

•Amid the recent market highs, an influx of new investors and maturation of the crypto industry, Binance is working with regulators and policy makers to develop regulatory frameworks.

•These frameworks will achieve the mutual goal of protecting users while allowing innovation to continue in a responsible manner ensuring healthy trajectory forward for the industry.

Virtual currencies such as Bitcoins are not legal tender in Kenya
Virtual currencies such as Bitcoins are not legal tender in Kenya
Image: COURTESY

Blockchain ecosystem, Binance, has released 10 fundamental rights that protect Crypto users.

The fundamental rights serve as a guiding hand in regulatory discussions and development of global frameworks for crypto markets.

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

“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 is important that we do not lose sight of that as an industry,” Binance CEO, Changpeng Zhao said.

Zhao added that with these 10 basic rights, they hope to provide a voice to those who have traditionally been muted by high finance.

Amid the recent market highs, an influx of new investors and maturation of the crypto industry, Binance is working with regulators and policy makers to develop regulatory frameworks.

These frameworks will achieve the mutual goal of protecting users while allowing innovation to continue in a responsible manner ensuring healthy trajectory forward for the industry.

It believes the rights outlined will serve as a guiding point to launch more productive conversations with the larger industry that includes other exchanges, Blockchain innovators, policymakers and world leaders.

In the ads describing these rights, the Blockchain ecosystem acknowledges that greater regulation is inevitable and stresses that ‘smart regulation’ is beneficial.

“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,” Zhao said.

He added that they look forward to working closely with regulators to help increase their knowledge on the industry its possibilities.

Trusted worldwide, it dedicates to increase the freedom of money for users and features an unmatched portfolio of crypto products and offerings.