Binance, the world’s largest cryptocurrency exchange by trading volume, has announced the formation of its new Global Advisory Board, which will be comprised of distinguished experts in public policy, government, finance, economics, and corporate governance.
The Global Advisory Board, chaired by Max Baucus, former US Senator and Ambassador to China, recently met in Paris, France.
The board’s mission is to advise Binance on some of the most complex regulatory, political, and social issues confronting the entire crypto industry as it rapidly grows and evolves.
“For the past five years, Binance has been at the forefront of pioneering the exciting new world of crypto, blockchain, and Web3,” said Binance founder and CEO Changpeng Zhao. During that time, we dealt with complex issues that no one knew existed. We’ve kept our focus on providing compliance solutions that protect the interests of crypto users while maintaining a rapid pace of socially beneficial innovation. The GAB represents the next significant step in our journey to share the benefits of modern finance and blockchain with the rest of the world.”
In addition, Nigeria’s Ibukun Awosika, a member of the new board, stated, “The transparency and accountability with which Binance seeks to deliver services to its clients is impressive.” Binance, as a future company, must continue to evolve, build, and find solutions in real-time. I am honoured to serve on its Global Advisory Board and to be a part of truly transforming the web3 economy.”
Prior to joining Binance’s Global Advisory Board, Ibukun was the First Female Chairman of the First Bank of Nigeria, the Founder of The Chair Centre Group, the Chairman of the Nigerian Advisory Board for Impact Investing and the Convention on Business Integrity, and the author of several books.
Binance is leveraging the GAB’s unrivalled collective experience and expertise to benefit the industry’s long-term development by weighing in on the most difficult and sensitive regulatory and compliance issues confronting crypto, blockchain, and Web3.
“We always put our users first, and it’s been a very effective North Star for us over the last five years of unprecedented, exciting growth.” We’re boosting our ability to manage regulatory complexity with the GAB by leveraging the highest level of expertise available anywhere in the world. This collaboration between Binance and the GAB’s leading experts demonstrates our commitment to compliance, transparency, and maintaining a collaborative relationship with the world’s regulators as they develop sensible regulations around the world,” Zhao said.