Quick take:
- The Global Advisory Board is chaired by former US Senator and Ambassador to China, Max Baucus.
- The board will advise Binance on complex regulatory, political, and social issues the entire crypto industry faces.
- The board members hail from the U.S., Latin America, Africa and Europe.
Binance today announced that it has formed a new Global Advisory Board (GAB) comprised of world leaders and experts in public policy, government, finance, economics, and corporate governance.
The Global Advisory Board members come from eight countries, each having held leadership positions in the finance and governance sectors. Hailing from the U.S., Latin America, Africa and Europe, the board members will advise Binance on complex regulatory, political, and social issues the entire crypto industry faces.
Chaired by former US Senator and Ambassador to China, Max Baucus, the GAB recently convened in Paris, France. The board will advise Binance on complex regulatory, political, and social issues the entire crypto industry faces as it grows and evolves at a fast pace.
“Of all the technologies with the potential to create positive disruption, the world of crypto, blockchain, and Web3 is among the most exciting and the most promising,” Baucus said. “That’s why it is a great pleasure to participate in setting up the Binance Global Advisory Board, and bringing the group’s unrivaled collective expertise to bear in solving complex problems with a socially positive outcome.”
Besides Baucus, the GAB members include finance experts such as Ibukun Awosika, the first female Chairman of First Bank of Nigeria; Bruno Bézard, managing partner of Cathay Capital and former economic advisor to the French Prime Minister; Leslie Maasdorp, Vice President and Chief Financial Officer of the New Development Bank; and David Wright, Chair of EUROFI.
Former government officials on the board include Henrique de Campos Meirelles, former Minister of the Economy and former President of the Central Bank of Brazil; Adalberto Palma, former Senior Advisor at the Chief of Staff Office to the President of Mexico; David Plouffe, Former Campaign Manager Senior Advisor to President Obama in the White House; Christin Schäfer, Member of the Data Ethics Commission, German Federal Government; Lord Vaizey, former UK Minister and Member of Parliament; and HyungRin Bang, advisor of the Korea Presidential Committee.
With the GAB’s collective experience, Binance is tapping on the board’s expertise to manage sensitive regulatory and compliance issues facing crypto, blockchain, and Web3 and ensuring a collaborative relationship with the world’s regulators as they develop regulations worldwide.
In July, the European Union agreed on a compromise to regulate the NFT market while the SEC launched an investigation into NFTs to establish a basis for regulation in March.
“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. “In that time, we’ve tackled complex issues no one even knew existed. 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 GAB represents the next big step forward in our journey to share the benefits of modern finance and the blockchain with the entire world.”
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