Binance, the world’s largest cryptocurrency exchange, is helping assemble a consortium of crypto companies with a view to rebuilding trust in the industry and taking on an active role in coming regulations, according to a person with knowledge of the plans.
A number of companies have already signed up to come on board, spanning the crypto industry from individual projects, exchanges and blockchain analytics firms, the person said, without naming any of the firms involved.
The consortium will not be run by Binance, the person said, but rather “will be run in as decentralized manner as you possibly can amongst many different projects to ensure an alignment with the community.”
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