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Home Technology Tech Plus

Binance joins Chamber of Digital Commerce to support building regulatory framework for crypto

Manila StandardbyManila Standard
December 23, 2022, 9:15 pm
in Tech Plus, Technology
Reading Time: 2 mins read
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Binance, the global blockchain ecosystem behind the world’s largest exchange, announced it had joined the Chamber of Digital Commerce, a leading blockchain and cryptocurrency trade association.

Binance joins the Chamber’s Executive Committee with other industry players to move the blockchain industry forward.

“As an organization at the crux of the industry’s rapid growth and complex regulatory environment, working hand in glove with policymakers, regulatory bodies, and industry groups like the Chamber is imperative to our mutual mission of fostering the sustainable development of sensible regulations for cryptocurrency and blockchain which ensures protections for users,” said Binance VP of Public Affairs Joanne Kubba.

“Blockchain technology is the future of finance,” said Blain Rethmeier, VP of Public Affairs, Chamber of Digital Commerce. “Our members represent the leading organizations that are committed to building the necessary infrastructure to enable a more sound and inclusive financial system. Binance has established itself as a leader in this emerging ecosystem and we are thrilled to welcome them and their contributions to our Executive Committee.”

“The Chamber has established itself as a leading voice in blockchain technology policy. We are looking forward to working with the Chamber and finding solutions together for the long term as we usher in Web3 and a new era of the global economy,” said Kubba.

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Binance will work closely with the Chamber of Digital Commerce, its team, and its members to educate, advocate and bring forth solutions for some of the most pressing issues impacting the industry. Binance will participate in research, roundtables, working groups, and discussions with policymakers and regulators to help bring sensible regulations and policies that benefit society and users.

The Chamber’s Executive Committee sets the organization’s priorities and strategy. As the world’s first and largest trade association representing the blockchain industry, its mission is to promote the acceptance and use of digital assets and blockchain-based technologies.

Through education, advocacy, and working closely with policymakers, regulatory agencies, and industry, the Chamber is working to establish a pro-growth legal and regulatory environment that fosters innovation, job creation, and investment.

Tags: BinanceChamber of Digital Commercecryptocurrency
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