(Binance) Binance has come up with ten fundamental crypto rights, which CEO Changpeng “CZ” Zhao says reflects what the exchange considers most crucial in cryptocurrency regulation.
The Binance CEO acknowledges the importance of availing financial tools to build economic independence. He says that privacy should be prioritized in the ten-point rights.
The CEO says users have rights to accurate information and freedom to express their voice in the crypto and blockchain industry. He opines that users’ security on exchanges should be enhanced.
On crypto platforms, the Binance CEO says the entities should protect their user by coming up with Know Your Customer processes. He believes the industry must work with regulators to spur innovation and keep users safe.
On derivative instruments, Zhao says such marketplaces should be regulated and maintain appropriate liquidity for stability in trading.
Zhao says he has met global regulations and shared the fundamental crypto rights, which he also feels are necessary to the users who need to know the exchange’s priorities.
The Binance CEO believes the fundamental crypto rights will help the exchange build user trust. He advises users against investing in assets they do not trust, while responding to the recent Squid Game scam.
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