Binance has issued ten fundamental cryptocurrency rights starting with access to financial tools and user privacy.
The regulations provide that users have the right to access accurate information on all crypto investments. It adds users should have the right to express their opinion in the network.
Binance believes that users retain the right to feel confident in the level of network security. The provisions add that all crypto platforms should implement Know-Your-Customer processes to counter financial crimes.
The exchange believes that those who participate in the crypto industry must collaborate with the regulators to foster innovation.
Binance CEO Changpeng Zhao says that he welcomes the chance to meet with the regulators and establish trust. Zhao commented that it might take time to uncover the perpetrators of the Squid Game token scandal, as he urges caution when investing in new crypto projects.
Source: Binance
