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Leading cryptocurrency exchange Binance is launching a new Global Advisory Board (GAB) made up of experts from various fields.
Binance, the world’s largest cryptocurrency exchange by trading volume, established a new Global Advisory Board (GAB) on Thursday, Sept. 22, comprising prominent experts in public policy, government, finance, economics and corporate governance. announced that it did.
According to a press release shared by Coinjournal, the Global Advisory Board is chaired by former US Senator and Chinese Ambassador Max Baucus.
The Board recently convened in Paris, France. The company said the board’s purpose is to advise Binance on the most complex regulatory, political and social issues facing the entire cryptocurrency industry as it grows and evolves rapidly.
Commenting on this latest development, Binance Founder and CEO Changpeng Zhao said:
Over the past five years, Binance has been at the forefront of pioneering an exciting new world of cryptocurrencies, blockchain and the Web3. GAB has always focused on providing compliance solutions that protect the interests of crypto users while maintaining a brisk pace of socially beneficial innovation. It represents the next big step in our journey to share with the whole world.
Borkus, chairman of the board, also commented:
Among all the technologies that have the potential to create positive disruption, the world of cryptocurrencies, blockchain and the Web3 is one of the most exciting and most promising. We are delighted to be able to bring together the Group’s unparalleled expertise to solve complex problems with positive social outcomes.”
Binance said it will leverage GAB’s unrivaled collective experience and expertise to benefit the sustainable development of the entire industry. The Board advises Binance on the toughest and most sensitive regulatory and compliance issues facing cryptocurrencies, blockchain and Web3.
Binance CEO added:
We always put our users first. This has served as a very effective North Star for us over the past five years of unprecedented and exciting growth. We are enhancing our ability to manage regulatory complexity by leveraging the highest level of expertise available anywhere in Binance.This collaboration between Binance and GAB’s leading experts will enhance compliance, transparency and global It is a testament to the focus of our regulators on ensuring collaboration with global regulators as they develop sensible regulation around the world.
Members of the Board of Directors include: Max Baucus (USA), Ibukun Awosika (Nigeria), HyungRin Bang (South Korea), Bruno Bezard (France), Leslie Maasdorp (South Africa), Henrique de Campos Meirelles (Brazil), and Adalberto Palma (Mexico).
Other members are: David Plouffe (USA), Christin Schfer (Germany), Lord Vaizey (UK), David Wright (Europe)
