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Binance and Ripple weigh in on crypto regulation
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finextra.comBinance has spent the last year facing intense regulatory scrutiny in several countries - including Japan, Hong Kong, Italy and the UK - over issues such as money laundering controls. In September the firm set out a plan to centralise its business structure to, as CEO Changpeng Zhao put it, "work well with regulators".
Now, the exchange is calling for a global regulatory framework governing crypto markets, saying that it is working with policymakers to "achieve the mutual goal of protecting users, while allowing innovation to continue in a responsible manner, ensuring a healthy trajectory forward for the industry". Having seen its reputation tarnished, the company has also set out its own 10 "fundamental rights" to protect users, covering
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