A major step in the company’s efforts to support the sustainable development of blockchain technology
September 22, 2022—Binance, the world’s largest cryptocurrency exchange by trading volume, is pleased to announce the creation of its new Global Advisory Board (GAB), comprised of distinguished experts in public policy, government, finance, economics, and corporate governance.
The Global Advisory Board, chaired by former US Senator and Ambassador to China, Max Baucus, recently convened in Paris, France. The board’s purpose is to advise Binance on some of the most complex regulatory, political, and social issues the entire crypto industry faces as it grows and evolves at a fast pace.
“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.”
HyungRin Bang from Korea said, “With the cryptocurrency and blockchain industry entering into new phases globally, it is inspiring to be part of the Binance Global Advisory Board, where esteemed experts from different fields join to discuss the industry’s sustainability. As an advocate of information and technology, Korea has substantially grown its domestic cryptocurrency and blockchain industry. I wish to add value to the GAB with insights I learned witnessing the growth of technology throughout my career.”
Binance is harnessing the GAB’s unrivaled collective experience and expertise to benefit the sustainable development of the industry as a whole, by weighing in on the toughest and most sensitive regulatory and compliance issues facing crypto, blockchain, and Web3.
“We always put our users first, and that’s 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.”
The GAB’s roster includes: