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Binance Establishes Global Advisory Board To Address Regulatory Challenges – Exchanges Bitcoin News

An international group of experts with extensive backgrounds in public and corporate governance advise global cryptocurrency exchange Binance on regulation. According to management, the move shows Binance’s focus on compliance and cooperation with regulators.

Crypto Exchange Binance Secures Qualified Advice on Regulatory Matters

Binance, the world’s leading digital asset exchange in terms of trading volume, has established a Global Advisory Board. The institution is made up of “distinguished experts in public policy, government, finance, economics, and corporate governance,” the coin trading platform said in a press release.

The board’s primary mandate is to advise Binance on how to address the most complex regulatory, political and social issues facing the entire cryptocurrency industry as it expands and evolves, the exchange explained. did.

The Global Advisory Board, chaired by former US Senator and Ambassador to China Max Borkus, recently convened in Paris, France. Its members come from all over the world, including Europe, Africa and South America.

Among them are Bruno Bézard, former French Finance Minister and government adviser, Bang Hyung-rin, adviser to the South Korean presidential committee and former Samsung and Hyundai executive, and Enrique de Campos, former central bank governor and economy minister.・There is Meirelles. Brazil.

Binance has been at the forefront of pioneering the worlds of cryptocurrencies, blockchain and Web3 for the past five years, said the company’s founder and CEO Changpeng Zhao (CZ) in a statement. During that time, the team has been working on complex problems that no one even knew existed, he notes, emphasizing:

We have always focused on providing compliance solutions that protect the interests of crypto users while maintaining a brisk pace of socially beneficial innovation.

The new advisory board represents the next big step in Binance’s journey to share the benefits of modern finance and blockchain with the world, the CEO elaborated. “Among all the technologies that have the potential to create positive disruption, the world of cryptocurrencies, blockchain and Web3 is one of the most exciting and most promising,” he added.

CZ also emphasized that with its Global Advisory Board, Binance is increasing its ability to manage regulatory complexity by leveraging the expertise of its members. He described the establishment as a testament to Binance’s focus on compliance, transparency, and working with regulators around the world.

The board announcement comes after Zhao indicated earlier this week that the largest crypto exchange wants to “go global by playing locally in multiple markets.” The CEO revealed in Bucharest that the company will open a Romanian office and begin providing Romanian language support services as part of plans to further expand into Eastern Europe.

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Do you think the new advisory board will help Binance better navigate crypto regulation in the marketplace it operates? Share your expectations in the comments section below.

Lubomir Tasev

Lubomir Tasev, a tech-savvy journalist from Eastern Europe, loves what Hitchens says. In addition to cryptocurrencies, blockchain, and fintech, international politics and economics are sources of inspiration.

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Binance Establishes Global Advisory Board To Address Regulatory Challenges – Exchanges Bitcoin News

Source link Binance Establishes Global Advisory Board To Address Regulatory Challenges – Exchanges Bitcoin News

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