Binance Creates Global Advisory Board to Tackle Regulatory Challenges – The world’s largest digital asset exchange by trading volume, Binance, has created a Global Advisory Board. “The group consists of distinguished experts in public policy, government, finance, economics, and corporate governance,” according to a news statement from the coin trading platform.
The board’s main responsibility will be to advise Binance on how to address the most difficult regulatory, political, and social issues that the whole cryptocurrency industry faces as it expands and evolves, according to the exchange. Max Baucus, a former U.S. senator and ambassador to China, recently convened the Global Advisory Board in Paris, France. Its members come from all corners of the globe, including Europe, Africa, and South America.
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Among them are Bruno Bézard, former head of the French Treasury and advisor to the government, Hyung-rin Bang, advisor to the Korea Presidential Committee and former executive at Samsung and Hyundai, and Henrique de Campos Meirelles, former president of the Brazilian central bank and economy minister.
In the past five years, Binance has been at the vanguard of crypto, blockchain, and Web3 innovation, according to a statement from the company’s founder and CEO, Changpeng Zhao (CZ). During that time, its team has solved complex issues that no one even realized existed, he noted, and emphasized: “We’ve maintained our focus throughout on delivering compliance solutions that protect the interests of crypto users, while keeping a brisk pace of socially-beneficial innovation.”
The new advisory board is the next major step in Binance’s mission to share the benefits of modern finance and blockchain technology with the world, the company’s chief executive explained. Max Baucus added, “Of all the technologies with the potential to cause positive disruption, crypto, blockchain, and Web3 are among the most interesting and promising.”
CZ further underlined that with the Global Advisory Board, Binance is able to manage regulatory complexity more effectively by leveraging the experience of its members. He described its establishment as evidence of Binance’s commitment to compliance, transparency, and collaborative relationships with global regulators.
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The board’s announcement follows Zhao’s earlier statement that the largest cryptocurrency exchange intends “to go global by playing locally in multiple markets.” The CEO said that in Bucharest, where he revealed the company is opening a Romanian office and launching Romanian-language support service as part of plans for further expansion into Eastern Europe.
