Binance is looking to bring order to the chaos of the crypto market with a so-called crypto bill of rights.

In a statement, the cryptocurrency exchange confirmed that it is committed to working with both regulators and policymakers to develop and maintain a global framework that protects users without limiting potential growth and innovation in the sector.

“Crypto belongs to all of us. But there is still work to be done if we want this revolutionary innovation to become part of our everyday lives. Like seat belts in a car, a more regulated crypto market provides greater protection for everyday users,” Binance said.

The company laid out 10 key principles it believes should support the rights of those who own cryptocurrencies.

This list affirms not only the right to privacy as a human right, but also argues that every person should have the right to access financial instruments like crypto.

The company encouraged readers to share the list – along with their thoughts on it – with their chosen crypto platform.

In terms of more practical recommendations, Binance said industry players have a responsibility to work with regulators and protect their users from bad actors.

“Regulation and innovation are not mutually exclusive. “Crypto users deserve safe access to emerging technologies and practices, including NFTs, stablecoins, staking, yield-farming and more,” the company claims.

Binance has also advocated closing the knowledge gap around cryptocurrencies and complying with Know Your Customer (KYC) requirements.

“Consumers have the right to accurate information about crypto assets without fear of falling victim to dishonest or fraudulent advertising,” the company said.

Crypto-related derivatives also deserve a mention, with Binance claiming that marketplaces that offer such financial instruments are subject to appropriate regulations.

“This ensures that all users meet the eligibility requirements and that their transactions are fairly settled,” the company said.

Final inclusion in Binance’s proposed list of crypto rights includes an acknowledgment that regulation of the crypto market is almost inevitable.

“We believe that politicians in each nation and their constituents should decide who should have oversight of the industry,” the company said.