Amid crypto's Wild West, Binance says a sheriff is needed


The call for regulation might seem strange for an industry whose popularity exploded in some part precisely because it sought to operate outside the heavy hand of governments and other authorities. — AP

NEW YORK: The cryptocurrency market gets likened to the Wild West by critics, and now a key player is asking for sheriffs to come to town.

Binance, the world’s largest exchange for trading Bitcoin and other cryptocurrencies, says it’s time for global regulators to establish rules for crypto markets. It released a list of "10 fundamental rights for crypto users” this week that it wants to guide discussions with regulators, policymakers and other exchanges.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

Passkeys could make passwords a thing of the past
Australia seeks client data from crypto exchanges in tax crackdown
Exclusive-Disney and Comcast seek advisor to resolve Hulu valuation, sources say
AI use by businesses is small but growing rapidly, led by IT sector and firms in Colorado and DC
SoftBank leads $1 billion funding for UK self-driving startup Wayve
UK military personnel's data accessed in hack, BBC reports
Kretinsky and Layani face off in battle for distressed IT firm Atos
Video streaming services see downloads, active users drop in April, BofA report shows
Tesla lays off more staff in software, service teams, Electrek reports
Microsoft readies new AI model to compete with Google, OpenAI, The Information reports

Others Also Read