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Binance Calls for Global Regulatory Frameworks for Crypto Markets

Binance Calls for Global Regulatory Frameworks for Crypto Markets

Binance Releases 10 Fundamental Rights that Protect Crypto Users in Volatile Crypto Markets

A majority of the government-backed institutions seem to forcefully impose the idea that ‘crypto markets’ are evil. Crypto Markets, in recent months, has grown exponentially, and some countries are rethinking on their anti-crypto stance. The push to draft relevant policies to regulate crypto markets has gained momentum, and before the current year ends, we may see a few powerful regulatory guidelines to control crypto markets and bring in more transparency to the whole ecosystem. Binance is leading this mission.

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Customer Rights in Dominant Crypto Markets

Binance, the world’s leading blockchain ecosystem, today announced 10 Fundamental Rights for Crypto Users that can serve as a guiding hand in regulatory discussions and the development of global frameworks for crypto markets. 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.”

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Crypto Volatility Can Severely Affect Users and Exchange Markets

According to data from Huobi Global, BTC rose slightly in the morning and by late afternoon maintained a sideways shake with depressed volume. Looking at the 4-hour K-line, there are 2 K-lines with long upper shadows today, indicating that the price is under pressure and may not pull up quickly in the short term. The price is running in the upper part of the rising channel with a good uptrend. In the afternoon, the price was under pressure before approaching the upper boundary, which indicates again that the pressure on the upper boundary of the channel is stronger and does not rule out the possibility of a small price pullback. Daily level, BTC today is a small positive, down after the first shock after the signs of rebound more and more obvious. Evening concern about the continuation of the rising market. Support level can be selected first in 64500 near, if the channel lower boundary support is not enough, can then focus on the support of 63600, and then fall below the uptrend aborted. The pressure level is near 66500.

According to data from Huobi Global, ETH is mainly rising in the day, with a slight correction in the afternoon, and the loss in the afternoon is swallowed. Looking at the 4-hour K line, ETH has been in a sideways volatility recently, and it is expected that this trend will continue in the short term. Buyer potential gradually dominates, and prices will rise slightly within a reasonable range. At the daily level, ETH’s steady uptrend is flattening.

In terms of contracts, the data of Huobi Futures showed that the BTC contract holdings remain unchanged, the contract trading volume is basically stable, and the contract market is relatively inactive. There is no change in the basis of the delivery contract.
The ETH contract holdings remain unchanged, the contract trading volume remains unchanged, and the contract market is relatively inactive. The basis of the delivery contract remained basically unchanged.

How Binance Works to Protect Customer Rights?

“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.

Binance is the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users and features an unmatched portfolio of crypto products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more.

Binance Calls for Global Regulatory Frameworks for Crypto Markets, Releases 10 Fundamental Rights that Protect Crypto UsersCrypto Rights Updates: Groundbreaking Crypto Industry Partnership to Support Law Enforcement in Fighting Cybercrime

[To share your insights with us, please write to sghosh@martechseries.com]

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