The mass adoption of digital assets has been one of the main goals of the crypto space. There have been a lot of moves in this direction, and things continue to go great.
10 Fundamental Rights for Crypto Users
CoinDesk notes that crypto giant Binance has published “10 Fundamental Rights for Crypto Users” – this is a carefully worded balancing act pushing for innovation in the face of fast-arriving regulation.
Binance’s would-be crypto constitution bullet-points financial inclusion, “smart regulation,” personal data privacy, reliable security, and rules around selling crypto derivatives.
The online publication mentioned above notes that Binance’s fractious relationship with various regulators around the world is well documented. Its leader said that the firm has no headquarters, while crypto exchanges elsewhere were forced to meet the requirements of their respective jurisdictions.
“Regulation and innovation are not mutually exclusive,” states Binance’s seventh note.
The tenth one says that “Crypto regulation is inevitable.” An added footnote says:
“If you’re looking for a caveat, you won’t find it here. Crypto regulation is coming. And we believe it will change the industry for the better.”
The same online publication also dropped a quote by “CZ” Changpeng Zhao.
“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.”
He continued and stated the following:
“At Binance, we look forward to working closely with regulators to help increase their knowledge on the industry and its possibilities.”
Exchanges are making important moves.
Coinbase Pro revealed important plans
GYEN (GYEN) bills itself as the “first regulated digital [Japanese yen].” The project says it is 100% fiat-backed.
It’s also important to note the fact that Coinbase revealed a press release earlier this week announcing Coinbase Pro’s plans to launch GYEN order books with the US dollar, euro, and Tether (USDT).