The Ten Commandments of Cryptocurrencies.

Binance, the largest cryptocurrency exchange globally, posted the "10 Fundamental Rights for cryptocurrency users" on its website.

The manifesto-like document requires universal access to financial instruments, strict personal data protection, and other measures.

Citing this document as a global regulatory framework for crypto markets, Binance has also created provisions for exchanges. 

These provisions include the platforms' obligations to protect users from harmful agents and ensure sufficient liquidity for transaction-free transactions.

Binance published the list of rights of its users when the company was trying to reinvent its corporate culture and reshape its image. For years, critics have argued that Binance and its CEO, Changpeng (CZ) Zhao, were willing to look the other way regarding alleged criminal activity on their platform.

Binance is recruiting former regulators, including IRS (Internal Revenue Service) agents and researchers from Europol, as part of its remediation efforts.

Greg Monahan, a former U.S. Treasury Department forensic expert, oversees the exchange's efforts to combat money laundering.

"As the crypto market capitalization has reached $ 3 trillion, regulators are now a permanent feature of the industry, and privacy and ecosystem security are now a top priority."

Of course, what (if any) effect Binance's new rights bill will have on regulators or other cryptocurrency companies remains to be seen. 

The impact is likely to be limited, given the reputation of Russia and China, which have millions of crypto users, for violating fundamental human rights and the rule of law.

However, Monahan said the rights bill was proposed as a message of competition to other industry players and regulators that crypto companies take the law seriously and correct issues.

This article is for informational purposes only and does not replace specialized consulting services with professional experts.

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