Binance, the world’s largest cryptocurrency exchange by trading volume, is pleased to announce the formation of its new Global Advisory Board (GAB), which will be comprised of eminent experts in public policy, government, finance, economics, and corporate governance.
The Global Advisory Board, chaired by Max Baucus, former US Senator and Ambassador to China, recently met in Paris, France. The board’s mission is to advise Binance on some of the most complex regulatory, political, and social issues confronting the entire crypto industry as it rapidly grows and evolves.
“Binance has been at the forefront of pioneering the exciting new world of crypto, blockchain, and Web3 for the past five years,” said Binance founder and CEO Changpeng Zhao. “During that time, we’ve dealt with complex issues that no one knew existed. We’ve kept our focus on providing compliance solutions that protect the interests of crypto users while maintaining a rapid pace of socially beneficial innovation. The GAB is the next big step in our journey to share the benefits of modern finance and blockchain with the rest of the world.”
“Binance’s transparency and accountability in providing services to its clients is impressive.” Binance, as a future company, must continue to evolve, build, and find solutions in real time. I am honored to serve on its Global Advisory Board and to be a part of truly transforming the web3 economy.” Ibukun Awosika of Nigeria said
Prior to joining Binance’s Global Advisory Board, Ibukun was the First Female Chairman of the First Bank of Nigeria, the Founder of The Chair Centre Group, the Chairman of the Nigerian Advisory Board for Impact Investing and the Convention on Business Integrity, a member of the G7 International Task Force for Impact Investing, and the author of several books.
Binance is leveraging the GAB’s unrivaled collective experience and expertise to benefit the industry’s long-term development by weighing in on the most difficult and sensitive regulatory and compliance issues confronting crypto, blockchain, and Web3.
“We’ve always put our users first, and that’s served as a very effective North Star for us over the last five years of unprecedented, exciting growth,” Zhao explained. “We’re boosting our ability to manage regulatory complexity with the GAB by leveraging the highest level of expertise available anywhere in the world. Binance’s collaboration with the GAB’s leading experts demonstrates our commitment to compliance, transparency, and ensuring a secure environment.
collaboration with the world’s regulators as they develop sensible global regulations.”
On the GAB’s roster are:
Bacus, Max – USA
Former US Ambassador to the People’s Republic of China; Former US Senator from Montana; Former Chairman of the Senate Finance Committee
Awosika, Ibukun – Nigeria
First female chairman of the First Bank of Nigeria; founder of The Chair Centre group; chairman of the Nigerian Advisory Board for Impact Investing and the Convention on Business Integrity; Author of several books; member of the G7 International Task Force on Impact Investing.
Bang, HyungRin – Korea
Former CEO of SoftForum Inc.; Former Executive Director of Hyundai; Former Executive Director of Samsung; Korea Presidential Committee Advisor; Yoon Seuk-2022 Yul’s Presidential Campaign PR/Communications Advisor;
Bezard, Bruno – France
Cathay Capital Managing Partner; Former Vice Minister of Finance; Former Economic Advisor to the French Prime Minister; Former Director of the French Treasury
Maasdorp, Leslie – South African Republic
Vice President and Chief Financial Officer of the New Development Bank; Former MD and President of Bank of America Merrill Lynch for Southern Africa; Former Vice Chairman of Barclays Capital; Former International Adviser to Goldman Sachs
Meirelles, Henrique de Campos – Brazil
Former Minister of Finance, Former President of the Central Bank of Brazil, Former Chair of J&F’s Board of Directors, Former Member of the Board of Directors of Azul Brazilian Airlines, Former President of Bank Boston, Former President of Global Banking, Fleetboston Financial, Former Board Member of Raytheon Corporation, Bestfoods, and Champion International Former Member of Lloyd’s Council; Former Chairman of Lazard Americas.
Palma, Adalberto – Mexico
Former Senior Advisor at the Chief of Staff Office to Mexico’s President; Director of Business Development at BEworksMX Consulting; Former President of the CNBV; Founding Chairman of The Center for Excellence in Corporate Governance. Independent Director of the Institute for Savings Protection; President of Bankers Trust México, Colombia, and Venezuela; and Managing Director of Citibank México
Plouffe, David – USA
Author and member of various boards of directors; business, non-profit, and political strategist Former Campaign Manager Senior White House Advisor to President Obama
Christin Schaefer – Germany
Former Group Risk Operating Officer, Erste Group Bank; Former Global Head of Quantitative Solutions, Deutsche Bank; Member of the German Federal Government’s Data Ethics Commission
Vaizey, Lord – UK
Former Minister and Member of Parliament; Member of the House of Lords
Wright, David – Europe
Former Secretary General of IOSCO; Former European Commission; Dep DG Financial markets, European Commission
The other members of the board had the following to say:
“The blockchain and crypto industry can act as a true catalyst for growth and economic opportunities,” says Leslie Maasdorp (South Africa). I anticipate that cities willing to collaborate with companies like Binance to create progressive regulations and an effective Web3 environment will be able to make a number of investments in the space. I am looking forward to collaborating with a number of experts as a member of Binance’s Global Advisory Board.”
“Of all the technologies with the potential to create positive disruption, the worlds of crypto, blockchain, and Web3 are among the most exciting and promising,” says Max Baucus. That is why it is an honor to be a part of establishing the Binance Global Advisory Board and bringing the group’s unrivaled collective expertise to bear in solving complex problems with a socially positive outcome.”
“Blockchain and Web3 technologies promise to be foundational to the future of the internet and the financial system as a whole,” says Lord Ed Vaizey. The next few years will be critical in determining the direction of this nascent industry around the world. It is a privilege to assist the Binance Global Advisory Board in charting a path through these challenges, and I look forward to working more closely with the impressive group that Binance has assembled.”
“Cryptocurrencies are increasingly challenging traditional finance,” writes David Wright. As they expand and the regulatory landscape changes, the GAB will advise Binance on how to define and shape the optimal global and regional development of future financial services, both traditional and non-traditional.
blockchain-enabled, and I look forward to working on these complex challenges with distinguished GAB colleagues.”
“The cryptocurrency industry is at a crossroads as global regulation begins to solidify,” says Bruno Bézard. Binance has assembled a team that is as diverse as the industry it represents.
and brings together some of the world’s foremost financial and political experts. It is a privilege to be invited to join them.”
“With Web3, and the underlying blockchain technologies, come profoundly new ways of interacting with the internet and dealing with data,” says Christin Schäfer. Binance’s Global Advisory Board brings together experts who can help guide the company and the industry at large through managing the risks and challenges ahead.”
“The transparency and accountability with which Binance seeks to deliver services to its clients is impressive,” says Ibukun Awosika (Nigeria). Binance, as a future company, must continue to evolve, build, and find solutions in real time. I am honored to serve on its Global Advisory Board and to be a part of truly transforming the web3 economy.”
Brazil’s Henrique de Campos Meirelles: “Blockchain technology and cryptocurrencies will set the tone for future financial services, with significant benefits to economies, financial inclusion, and the quality of service that people worldwide have access to. The Binance Global Advisory Board, which is comprised of leading experts in a variety of fields, will play an important role in establishing this nascent and growing industry as regulations around the world evolve, so that we can work to build a safe and sustainable ecosystem for all.”
Mexico’s Adalberto Palma Gómez: “Cryptocurrencies and the blockchain ecosystem as a whole will have a greater impact on people’s lives and benefit society by providing more democratic and accessible services to all. As the market expands and adoption grows, the Binance Global Advisory Board will assist not only the platform but also the entire industry in evolving so that its future is sustainable and secure for societies. It is an honor to collaborate with this group and be a part of this transformative moment.”
“With the cryptocurrency and blockchain industry entering new phases globally, it is inspiring to be part of the Binance Global Advisory Board, where esteemed experts from various fields join to discuss the industry’s sustainability,” says HyungRin Bang (Korea). Korea has significantly expanded its domestic cryptocurrency and blockchain industry as an advocate of information and technology. “I hope to add value to the GAB by sharing insights gained from witnessing the evolution of technology throughout my career.”