Binance announces Global Advisory Board to advance the potentials of Web 3

Binance announces Global Advisory Board to advance the potentials of Web 3

Chinese-Canadian largest cryptocurrency exchange company, Binance has revealed in a press release about its global advisory board (GAB) which consists of the founder and CEO, Changpeng Zhao and 11 former leaders.

The GAB which convened in France was chaired by former US senator and ambassador to China, Max Baucus “to help chart the best path forward for Web3, crypto, our company, and our users”.

According to the statement in the press release, individuals sitting on the GAB would add their expertise and knowledge gotten from diverse fields to effectively manage the blockchain industry.

“Together, we’ll consult the most complex regulatory, compliance, political, and social issues that we, as a company, and the entire crypto industry will face today and in the future. I’m honored that our company has the credibility to convene such distinguished people who sit on our GAB.”

“No single person can cover all the areas that need thoughtful, considered decision-making at this pivotal time. Binance will benefit greatly from input from people with experience across governments and industries, important and strategic relationships, and subject matter expertise,” the report stated.

Speaking on the development, the CEO said that the advisory board would enhance the company’s mission by advancing the frontiers of blockchain with the globe. “For the past five years, Binance has been at the forefront of pioneering the exciting new world of crypto, blockchain and Web3.”

“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,” the CEO added.

The Global Advisory Board includes:

Max Baucus (USA) — Former U.S. Ambassador to the People’s Republic of China, Former U.S. Senator Montana, Former Chairman of Senate Committee on Finance
Ibukun Awosika (Nigeria) — First Female Chairman, First Bank of Nigeria; Founder, The Chair Centre Group; Chairman, Nigerian Advisory Board, for Impact Investing and Convention on Business Integrity; Member G7 Interntional Task Force for Impact Investing; Author of several books
HyungRin Bang (Korea) — Advisor of the Korea Presidential Committee;  PR/Communications Advisor of Yoon Seuk-Yul’s 2022 Presidential Campaign; Former CEO, SoftForum Inc.; Former Executive Director, Hyundai; Former Executive Director, Samsung
Bruno Bezard (France) — Managing partner of Cathay Capital; Former Economic Advisor to the French Prime Minister; Former Head of the French Treasury; Former CEO of the French Government Shareholding Agency
Leslie Maasdorp (South Africa) — Vice President and Chief Financial Officer of the New Development Bank; Former MD and President for Southern Africa at Bank of America Merrill Lynch; Former Vice Chairman of Barclays Capital; Former International Adviser to Goldman Sachs
Henrique de Campos Meirelles (Brazil) — Former Minister of the Economy; Former President of the Central Bank of Brazil; Former Chair of J&F’s board of directors; Former Member of the Board of Directors of Azul Brazilian Airlines; Former President, Bank Boston; Former President of Global Banking, Fleetboston Financial; Former Board member, Raytheon Corporation, Bestfoods and Champion International; Former Member of the Council of Lloyd’s of London; Former Chairman of Lazard Americas
Adalberto Palma (Mexico) — Honorary Board Member of The Aspen Institute Mexico; Former Senior Advisor at the Chief of Staff Office to the President of Mexico; Director of Business Development at BEworksMX Consulting; Former President of the CNBV; Founding Chairman of The Center for Excellency in Corporate Governance; Independent Director of the Institute for Savings Protection; President of Bankers Trust Mêxico, Colombia and Venezuela; Managing Director of Citibank Mexico
David Plouffe (USA) — Business, Non-Profit and Political strategist; Author, Member of Various Boards of Directors; Former Campaign Manager Senior Advisor to President Obama in the White House
Christin Schäfer (Germany) — Founder and Managing Director of acs plus; Former Group Risk Operating Officer, Erste Group Bank; Former Global Head of Quantitative Solutions, Deutsche Bank; Member of the Data Ethics Commission, German Federal Government
Lord Vaizey (UK) — Member of the House of Lords; Former Minister and Member of Parliament 
David Wright (Europe) — Chair, EUROFI; Former Secretary General, IOSCO Former European Commission; Deputy Director General Financial Markets, European Commission

Commenting further on the appointment, the CEO assured that customers are boon to the company’s extraordinary acceleration.

“We always put our users first, and that has served as a very effective North Star for us over the past five years of unprecedented, exciting growth,” Zhao said.

“With the GAB, we’re supercharging our ability to manage regulatory complexity by tapping into the highest level of expertise available anywhere in the world. This collaboration between Binance and the leading experts of the GAB is a testament to our focus on compliance, transparency and ensuring a collaborative relationship with the world’s regulators as they develop sensible regulations worldwide.”