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Binance pushes crypto ‘bill of rights’ following regulatory scrutiny

Controversial crypto exchange calls for universal access and identity verification standards

Binance sets out what it thinks crypto investors are entitled to from watchdogs
Binance sets out what it thinks crypto investors are entitled to from watchdogs Photo: Akio Kon/Getty Images

Binance, the world’s largest cryptocurrency exchange, has called on regulators to embrace a “bill of rights” for digital assets, following months of global scrutiny of its business structure and activities.

The controversial crypto platform has been the subject of consumer warnings in more than a dozen countries this year. Watchdogs including the UK’s Financial Conduct Authority have warned investors that Binance’s activities continue to be unregulated, and that its decentralised structure and refusal to answer certain questions makes it incapable of being monitored effectively.

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