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Binance CEO says crypto industry needs clarity of regulations - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Dominant cryptocurrency exchange Binance’s chief executive called for new but stable and clear regulations for the industry, in light of recent developments and participants “cutting corners”.

A representation of cryptocurrencies in this illustration

“We do need some regulations, we do need to do this properly, we do need to do this in a stable way.” FTX filed for bankruptcy on Friday after a week of seeing customers pull assets and Binance abandoned a rescue offer.

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