Zhao Changpeng proposed six commitments that centralized exchanges should adhere to

2022-11-16 09:16:12
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ChainCatcher news, Zhao Changpeng shared six commitments that a healthy centralized exchange should adhere to on the official blog, which are: 1) Customer funds should not be risked. 2) Never use self-issued tokens as collateral. 3) Share real-time proof of assets. 4) Maintain sufficient reserves. 5) Avoid excessive leverage. 6) Strengthen and enforce security protocols.

ChainCatcher previously reported that Zhao Changpeng is actively creating an industry organization to collaborate with global regulators and is committed to establishing a recovery fund for projects affected by FTX. (source link)

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