An announcement on the creation of a new Global Advisory Board (GAB) has been made by the cryptocurrency exchange, Binance. The GAB will consist of professionals with expertise in public policy, government, finance, economics, and corporate governance.
A recent meeting of the Global Advisory Board (GAB), which is led by Max Baucus, a former senator from the United States and ambassador to China, took place in Paris, France, according to the cryptocurrency exchange. The goal of the board is to provide advice to Binance on regulatory, political, and social concerns that are confronted by the whole cryptocurrency sector as it develops and expands at a rapid rate.
The company said the purpose of the board is to advise Binance:
Ibukun Awosika of Nigeria, HyungRin Bang of Korea, Bruno Bezard of France, Leslie Maasdorp of South Africa, Henrique de Campos Meirelles of Brazil, Adalberto Palma of Mexico, David Plouffe of the United States of America, Christin Schafer of Germany, Lord Vaizey of the United Kingdom, and David Wright of Europe are all members of the board. Also serving on the board is David Wright of Europe.
According to Changpeng Zhao, founder and CEO of Binance, the cryptocurrency exchange has been working toward the resolution of difficult problems for the last five years. “During that period, we have made it a priority to keep our attention fixed on developing compliance solutions that look out for the best interests of bitcoin users, while at the same time maintaining a rapid pace of innovation. It is anticipated that the GAB will represent the next step forward in our effort to share the advantages of blockchain technology and finance with the whole globe,” he said.
In addition, Binance plans to make use of the GAB’s collective experience and expertise in order to contribute to the growth of the industry as a whole. This will be accomplished by providing input on the regulatory and compliance issues that are currently being faced by cryptocurrencies, blockchain technology, and Web3.0.
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