There are a lot of myths and rumors around cryptocurrency, som | Lumi Wallet Group
There are a lot of myths and rumors around cryptocurrency, some of them greatly harm the entire industry
But hype headlines and fake news should not guide us Cryptocurrency is recognized to give us greater freedom and the future of crypto needs to be user-focused.
One of the most critical players in the cryptocurrency market, Binance, is currently experiencing a crisis and is fiercely trying to defend the new world. Well, or adjust to the new conditions. And today B. published a New Crypto Manifesto.
We suggest you familiarize yourself with it because the experience of a large company and the opinion of one of the industry leaders can help you understand what is happening around cryptocurrencies and what awaits us all in the future.
10 Fundamental rights for crypto users
I. Every human being should have access to financial tools, like crypto, that allow for greater economic independence.
II. Industry participants have a responsibility to work with regulators and policymakers to shape new standards for crypto assets. Smart regulation encourages innovation and helps keep users safe.
III. Responsible crypto platforms have an obligation to protect users from bad actors and implement Know Your Customer (KYC) processes to prevent financial crimes.
IV. Privacy is a human right, and personally identifiable information (PII) data should be subject to strict levels of protection.
V. Crypto users have the right to access exchanges that keep their funds secure, in safe custody with comprehensive deposit insurance.
VI. Healthy markets should maintain a robust level of liquidity to ensure a stable and frictionless trading environment.
VII. Regulation and innovation are not mutually exclusive. Crypto users deserve safe access to emerging technologies and practices, including NFTs, stablecoins, staking, yield-farming, and more.
VIII. Closing the knowledge gap is essential when it comes to crypto. Users have the right to accurate information on crypto assets, without fear of falling victim to unfair or deceptive advertising.
IX. Marketplaces that offer derivative instruments should be subject to the appropriate regulations. This ensures all users meet eligibility requirements and that their transactions are fairly settled.
X. Crypto regulation is inevitable.* Users have the right to share their voice on how the industry should evolve with their blockchain platform of choice.
