bsc.news
World’s Largest Centralized Exchange Supports ‘Effective and Appropriate Regulation’
Binance sounded a supporting note in favor of the U.K. Government’s proposed framework for crypto regulations, as HM Treasury published a long-awaited consultation paper Feb. 1.
#Binance has vocally supported the need for effective and appropriate regulation to help with mainstream adoption of digital assets.
— Binance (@binance) February 1, 2023
We welcome the next steps from the UK Government in making this happen with the @hmtreasury’s publication of plans to regulate crypto activities.
Binance’s reaction lines up with the Centralized Exchange’s consistent refrain that it is in favor of “effective and appropriate regulation to help with mainstream adoption of digital assets.”
“It’s our strong belief that a stable regulatory environment helps to support innovation and is essential to establishing trust in the industry, as well as long-term growth,” Binance said.
The devil, of course, is in the details. As Binance’s Twitter response makes clear, the company supports the idea of regulations for the crypto industry -- but time (needed to review the fine points) will tell if Binance will support this specific iteration of rules proposed by the UK government.
Happy to see the UK, a global leader in fintech, work on progressive crypto regulation.
— CZ 🔶 Binance (@cz_binance) February 1, 2023
We hope their plans reflect @FinStbBoard recommendations: the regulation should be coordinated, consistent, comprehensive and proportionate to the nature, scale and complexity of risks. https://t.co/3w4pHJQZIN
What is Binance:
Binance positions itself as the world’s leading blockchain ecosystem and crypto-asset infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. The Binance platform aims to increase the freedom of money for users and features a comprehensive portfolio of crypto-asset products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization, and infrastructure solutions.
Where to find Binance:
Website | Twitter | Discord | Telegram |