Binance Junior: Introducing Cryptocurrency Accounts for Kids, Safety Debates Ensue

Leading cryptocurrency exchange Binance announced on the 3rd the launch of 'Binance Junior,' a cryptocurrency program aimed at children. Depending on local laws, this program enables young users aged between 6 to 17 to use a Binance Junior account under parental supervision. These accounts are sub-accounts of the parent's account and are legally owned by the parent. The functionalities available in this account are more restricted than usual. For instance, young users can manage cryptocurrencies within their accounts through Junior Flexible Simple Earn. Binance states that this will support the children's financial learning and savings.