The Binance Global Advisory Board (GAB), chaired by former US Senator Max Baucus, comprises experts in public policy, government, finance, economics, and corporate governance.
The board will advise on how to deal with regulatory, political, and social issues that will arise as the crypto industry grows.
Binance leverages the board’s unique knowledge and expertise to help the industry’s long-term growth by providing guidance on the most challenging and sensitive regulatory and compliance issues confronting crypto, blockchain, and Web3.
Binance has been dedicated to increasing global financial freedom since its inception.
This has been made possible by crypto assets, and increasing their use will significantly impact social and financial inclusion if people work hard to achieve their goals by creating great products, hiring the best people, and engaging with the community.
According to Binance’s CEO, Changpeng Zhao, “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.”
He continued, “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. ”
Many community members may wonder why Binance has formed the Global Advisory Board. The answer is simple and self-evident. Binance believes that widespread cryptocurrency adoption is nearing a tipping point.
With this transition clearly on the horizon, Binance’s role as an industry leader must be polished and handled with increased skill and experience.
Despite their emphasis on following rules and being transparent, they want to ensure that Binance continues to receive good strategic advice.
Binance shows that it wants to work with regulators in a way that builds trust and helps them make good policies around the world by putting together a GAB with people at this level.
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