Binance, CZ Welcome UK Treasury’s Proposed Crypto Framework

by BSC News

February 1, 2023


Binance and its CEO Changpeng Zhao (CZ) both expressed support for HM Treasury's publication of a proposed regulatory framework for crypto in the U.K.

World’s Largest Centralized Exchange Supports ‘Effective and Appropriate Regulation’

Binance sounded a supporting note in favor of the U.K. Government’s proposed framework for crypto regulations, as HM Treasury published a long-awaited consultation paper Feb. 1.

Binance’s reaction lines up with the Centralized Exchange’s consistent refrain that it is in favor of “effective and appropriate regulation to help with mainstream adoption of digital assets.”

“It’s our strong belief that a stable regulatory environment helps to support innovation and is essential to establishing trust in the industry, as well as long-term growth,” Binance said.

The devil, of course, is in the details. As Binance’s Twitter response makes clear, the company supports the idea of regulations for the crypto industry -- but time (needed to review the fine points) will tell if Binance will support this specific iteration of rules proposed by the UK government.

What is Binance:

Binance positions itself as the world’s leading blockchain ecosystem and crypto-asset infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. The Binance platform aims to increase the freedom of money for users and features a comprehensive portfolio of crypto-asset products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization, and infrastructure solutions.

Where to find Binance:

Website | Twitter | Discord | Telegram |