Crypto exchange says it’ll handle regulators better than Libra

Binance announced last week it plans to seek partners to create so-called stable coins that are less volatile than Bitcoins. — AFP

One of the world’s largest cryptocurrency exchanges said it has learned a valuable lesson from the push back on Facebook Inc’s Libra and will take a different approach as it works on a rival project.

Malta-based crypto platform Binance is ready to engage with all regulators from day one as it prepares to roll out its Venus digital currencies. "If we want to launch Venus in a country, we’ll make sure it complies with the regulations,” the exchange’s co-founder He Yi said in an interview.