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Press Release: Tuesday, November 16 2021, 15:15 CAT | Source: Binance

rights. The customer rights, as described in a series of advertisements published today globally, 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’s important that we don’t lose sight of that as an industry. With these 10 basic rights, we hope to provide a voice to those who have traditionally been muted by high finance, said Binance CEO “CZ” (Changpeng Zhao).

Amid the recent market highs, an influx of new investors, and maturation of the crypto industry, Binance is working with regulators and policymakers to develop global regulatory frameworks that achieve the mutual goal of protecting users, while allowing innovation to continue in a responsible manner, ensuring a healthy trajectory forward for the industry.

Binance believes the 10 Fundamental Rights for Crypto Users outlined today will serve as a guiding point to launch more productive conversations with the larger industry, including other exchanges, blockchain innovators, policymakers and world leaders.

In the ads describing the 10 Fundamental Rights, Binance acknowledges that greater regulation is inevitable and stresses that “smart regulation” is beneficial. “Like seatbelts in a car, a more regulated crypto market provides greater protections for everyday users.”

“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. At Binance, we look forward to working closely with regulators to help increase their knowledge on the industry and its possibilities,” said CZ.

To get involved, contact: userrights@binance.com

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This article is a Press Release received from Binance. Global Crypto did not receive any form of compensation for its publication, and as this material is deemed newsworthy for the Southern African blockchain industry, it was thus published accordingly.

Kratika is Global Crypto's Admin Assistant. She has extensive experience working for top tech firms from around the world, and has a wealth of knowledge in the FinTech industry.