BY STAN CHOE
– Business Writer
NEW YORK – In the world of cryptocurrencies compared to the wild west of financial markets, one of the key players in the industry is asking for a sheriff. Binance, the world’s largest exchange for trading Bitcoin and other cryptocurrencies, says it is time for global regulators to set rules for crypto markets. The company recognizes that crypto platforms have a duty to protect users and implement processes to prevent financial crime, as well as a responsibility to work with regulators and policy makers to set standards to protect users. It also says that more regulation can help attract people who are still reluctant to get into crypto.