Binance believes the core tenets of a regulatory framework for crypto should be consumer protection, market integrity, and financial stability.
The exchange made the statement in its response to a recent consultation initiated by the U.K. HM Treasury regarding the regulation of crypto-assets.
Binance said watchdogs need to take a balanced approach to regulating the crypto industry to ensure it can continue to grow and innovate in a competitive environment.
The exchange added that “disproportionate regulation” will ultimately cause consumers to turn to markets and operators that are not bound by these rules — which could lead to financial stability issues.
All Comments