Binance creates Global Advisory Board to influence regulatory issues in Web3
The world’s largest crypto exchange platform by trading volume, Binance has announced the creation of the Global Advisory Board (GAB), to deal with the regulatory, political and social issues and challenges of the crypto sector.
The board is joined by professionals in public policy, government, finance, economics, and corporate governance and chaired by former U.S. Senator and Ambassador to China, Max Baucus. Members include various figures like Ibukun Awosika, HyungRin Bang, Bruno Bezard, Leslie Maasdorp, Henrique de Campos Meirelles, Adalberto Palma, David Plouffe, Christin Schäfer, Lord Vaizey and David Wright.
The board also includes representatives from countries such as Nigeria, South Korea, South Africa, Brazil, Mexico and Germany.
Binance founder and CEO Changpeng Zhao, said that Binance has been a leader in the Web3 industry and has been the first to tackle complex issues before anyone knew these issues existed.
As such, the GAB represents the next step in Binance’s journey ‘to share the benefits of modern finance and the blockchain with the world,’ and to promote sustainable development in the industry by assessing the toughest and most sensitive regulatory and compliance issues facing crypto, blockchain, and Web3.