November 16, 2021 - Binance, the worlds leading blockchain ecosystem, presents10 Basic Rights of Encrypted Asset Users, hoping to guide the discussion and formulation of regulatory rules for the global encrypted asset market. Binance released a series of advertisements around the world today, advocating protecting the basic rights of users without affecting growth and innovation, including ensuring that users can safely use emerging technologies, obtain liquidity, ensure the security of the platform, etc. wait.
“Binance has always been adhering to the principle of user first, focusing on everything from security to community experience. This is the key to crypto assets, and we cannot ignore this in the course of industry development. Through these 10 basic rights, We want to speak out for those who are oppressed by the so-called traditional high-end finance,” said Binance founder and CEO Changpeng Zhao (CZ).
The market is at a high level recently, new investors are constantly pouring into the market, and the encrypted asset industry is also maturing. In this context, Binance is discussing with regulators and policy-making institutions to formulate a global regulatory framework to achieve the goal of protecting users, continue to innovate in a responsible manner, and ensure the healthy development of the industry.
Binance believes that the proposed10 Basic Rights of Encrypted Asset UsersIt will serve as a guide to foster more constructive dialogue among the larger industry, including other trading platforms, blockchain innovators, policy makers and global leaders.
In an advertisement describing 10 basic rights, Binance also stated that stronger regulation in the future will be inevitable, and emphasized that smart regulation is of great benefit to the development of the industry. Regulating the crypto asset market is like wearing a seat belt in a car. A more regulated market can better protect our users.
“Regulation and innovation go hand in hand. As an industry participant, we hope to do everything possible to actively communicate with regulators and global leaders to find the most effective way to regulate, and more importantly, promote innovation while protecting users. Binance expects Work closely with regulators to help them increase their understanding of the industry and see more possibilities in the crypto asset industry,” CZ said.
About Binance
Binance is the worlds leading provider of blockchain and encrypted asset infrastructure, with a series of financial products, including the digital asset trading platform with the highest trading volume. Trusted by millions of users around the world, the Binance platform is committed to promoting the free flow of money, and has launched a series of powerful encrypted asset products, including: trading and finance, education, data and research, social welfare, investment and incubation, Decentralization and infrastructure solutions, etc.
Original content:
Cryptocurrency is the devil
When people talk about cryptocurrencies, they say
Dont be fooled by these sensational reports anymore!
Besides the well-known Bitcoin and Dogecoin, there is much more to explore in the crypto asset industry. Here, everyone can have the opportunity to acquire wealth, not just the privileged few.
Crypto assets belong to everyone. But we still have a lot of work to do if this innovative breakthrough is to become part of everyday life. Regulating the encrypted asset market is like wearing a seat belt in a car. A regulated market can better protect our users.
Binance is working with regulators and policymakers to prepare for explosive user growth in the future by building a global framework that protects users without limiting growth and innovation.
secondary title
10 Basic Rights of Encrypted Asset Users
I.
Everyone should have access to financial products like crypto assets to have greater economic autonomy.
II.
It is the responsibility of industry players to work with regulators and policymakers to develop a new set of standards for the cryptoasset industry. For example, intelligent supervision can not only stimulate innovation activities in the industry, but also help ensure user safety.
III.
Protecting users from breaches is an obligation of responsible crypto platforms, such as implementing mandatory KYC processes to prevent financial crimes.
IV.
Privacy is a fundamental human right, and personally identifiable information (PII) data should be strictly protected.
V.
Crypto users are empowered to use exchanges that keep their assets safe so that funds can be kept in full safekeeping.
VI.
A healthy financial market should have stable liquidity to ensure that users can minimize transaction costs.
VII.
Regulation and innovation are not antagonistic. Encrypted users should be able to practice emerging technologies on a safe basis, including NFT, stable coins, mortgages, liquidity mining, etc.
VIII.
For the encryption industry, the most important thing is to bridge the cognitive gap. Users should be made aware of more comprehensive and accurate information about encrypted assets, so that they do not have to worry about losses due to unfair or deceptive advertisements.
IX.
In order for the derivatives market to be more regulated, appropriate regulations are necessary. Only in this way can we ensure that every participating user meets the eligibility requirements, and the result of the transaction is fairer.
X.
Regulation of the encryption industry is inevitable. *And users also have the right to express their opinions on how the industry should develop with the blockchain platform of their choice.
It is time for industry leaders, regulators, policy makers and users to unite and jointly promote the development of global finance. We believe that it is the policymakers of each country and its people who can decide who should have oversight of the industry.
Crypto assets belong to everyone
Together we will start this new chapter and prepare for it
How would you like to see the future of global finance play out?
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