Binance calls for global crypto regulation when starting the advertising campaign Crypto is Evil regulation
Binance calls for global crypto regulation when starting the advertising campaign Crypto is Evil regulation
The cryptocurrency exchange Binance has called for "global regulatory framework for cryptoma markets". The company also started a "Crypto is Evil" advertising campaign with "10 fundamental rights for crypto users".
Binance urges global crypto regulation and introduces "Crypto is Evil" advertising
The cryptocurrency exchange Binance called for "global regulatory framework for cryptoma markets" on Tuesday with a publication of "10 fundamental rights for cryptone users" and several crypto ads in large newspapers.
The 10 fundamental rights for crypto users "can serve as a managerial hand in regulatory discussions and the development of global framework conditions for crypto markets," said the company. The stock exchange believes that they will "serve as a guide to have more productive discussions with the larger industry, including other stock exchanges, blockchain innovators, political decision-makers and world leaders".
"The future of crypto must be user -oriented," said Binance:
The customer rights that are described in a number of ads published worldwide today should ensure safe access to new technologies, liquidity and secure platforms in order to "protect users without restricting growth and innovation".
The same display entitled "Crypto is Evil" appears in large publications such as the Washington Post, the New York Times and Financial Times.
Part of the advertisement reads: "When it comes to crypto, do not be fooled by the headlines. There is a world beyond Bitcoin and Dogecoin, in which financial options are accessible to everyone, not only for the few privileged. Krypto belongs to all of us." It also lists all 10 fundamental rights for crypto users who can also be read here .
Binance CEO Changpeng Zhao commented:
regulation and innovation are not mutually exclusive. As an industry, we would like to do everything possible to work with regulatory authorities and world market leaders in order to determine the effective regulatory policy, which primarily protects users and drives innovations.
Many supervisory authorities worldwide have warned that Binance operates in their jurisdiction without permission, including Great Britain, the Netherlands, South Africa, Hong Kong, Malaysia, Thailand, Lithuania, Italy, Singapore and Canada. US authorities also investigate binance for possible market manipulation and insider trade.
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