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Binance First Ad Ever Focuses On Fundamental Rights For Crypto Users

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Binance claims that general crypto regulation is inevitable and emphasizes that “smart regulation” will bring benefits to the industry.



Binance, the world’s largest crypto exchange, has published an ad on financial times “Crypto Is Evil” with 10 rights for cryptocurrency users, which can actually serve as a guide in regulatory discussions and the development of global regulatory frameworks for the crypto market.

 

The ad was also published in the Washington Post and New York Times.

 

Binance claims that general regulation is inevitable like seat belts in a car, Here are 10 fundamental user rights from Binance:

  1. “Every human being should have access to financial tools, like crypto, that allow for greater economic independence.
  2. Industry participants have a responsibility to work with regulators and policymakers to shape new standards for crypto assets. Smart regulation encourages innovation and helps keep users safe.
  3. Responsible crypto platforms have an obligation to protect users from bad actors and implement Know Your Customer (KYC) processes to prevent financial crimes.
  4. Privacy is a human right, and personally identifiable information (PII) data should be subject to strict levels of protection.
  5. Crypto users have the right to access exchanges that keep their funds secure, in safe custody with comprehensive deposit insurance.
  6. Healthy markets should maintain a robust level of liquidity to ensure a stable and frictionless trading environment.
  7. Regulation and innovation are not mutually exclusive. Crypto users deserve safe access to emerging technologies and practices, including NFTs, stablecoins, staking, yield-farming, and more.
  8. Closing the knowledge gap is essential when it comes to crypto. Users have the right to accurate information on crypto assets, without fear of falling victim to unfair or deceptive advertising.
  9. Marketplaces that offer derivative instruments should be subject to the appropriate regulations. This ensures all users meet eligibility requirements and that their transactions are fairly settled
  10. Crypto regulation is inevitable. Users have the right to share their voice on how the industry should evolve with their blockchain platform of choice.”

 

 

 

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Disclaimer

The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Albert Brownhttps://thecryptobasic.com/
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.

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