According to information from the Coindesk media, Binance is currently working on the creation of a consortium aimed at restoring confidence in cryptocurrencies. An initiative that comes in a context where regulators are undertaking repressive measures against the cryptocurrency industry.
A new initiative from Binance
Binance, the largest exchange platform in the world, would like to organize the formation of a consortium aimed at restoring confidence in cryptocurrencies. It would be made up of different companies in the industry, as well as partners from around the world, such as financial institutions, universities and even government entities.
The information was shared by our colleagues from Coindesk this Wednesday, February 8. According to them, “a number of companies have already joined the movement”. No name has yet been disclosed, but we are mainly talking about centralized cryptocurrency exchange platforms and a few individual personalities.
The cryptocurrency industry is in a complex situation right now. She faces a fierce desire for regulation on the part of the United Statesespecially platforms offering staking features.
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After the case of the FTX platform and its founder, Sam Bankman-Fried, confidence in the sector is at an all-time low. Thus, through this group, Binance would like to bring the voice of companies to American regulators and show that the industry has moved in the right direction.
The consortium would not be led by Binance, specifies Coindesk, but “will be managed in the most decentralized way possible among many different projects to ensure alignment with the community”.
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