- Binance has developed a Global Advisory Board.
- The board will help drive web3 development and combat regulatory challenges.
- This board includes notable experts in public policy, government, finance, economics, and corporate governance.
According to a recent blog post published by the company, Binance, which is the largest cryptocurrency exchange in the world when measured by trading volume, has announced the establishment of its new Global Advisory Board (GAB). The Global Advisory Board will concentrate on driving web3 development and combating regulatory challenges.
The board is made up of eminent figures who are considered to be specialists in public policy, government, finance, economics, and the control of corporations. The most recent meeting of the Global Advisory Board took place in Paris, France, and was led by Max Baucus, a former senator from the United States and ambassador to China.
According to the blog post, given the rapidity with which Web3, cryptocurrency, and blockchain technology are advancing, it is crucial that Binance relies on its skills, different experiences, and backgrounds to assist the company in effectively navigating such a dynamic business.
The company also said that they have kept their emphasis throughout on creating compliance solutions that safeguard the interests of cryptocurrency users, while still maintaining a rapid pace of innovation that is good for society.
Changpeng Zhao, the CEO and founder of Binance, said:
“Through my experiences at Binance and the industry as a whole, I’ve engaged with leaders, regulators, and businesses across a wide variety of sectors. It’s given me a lot of knowledge. But, one of our company’s core values is humility, and I know that I don’t know everything. This is where the GAB will add a lot of value.