Binance sets up global advisory board to drive responsible regulation of crypto
Leading cryptocurrency exchange Binance has launched a global advisory board to work with regulators around the world to Responsible regulation of the crypto industry.
Our Board of Directors is made up of a diverse range of experts, from former US Senators to prominent economists to global business leaders. The team leverages its expertise, experience and network to advise Binance on the complex regulatory, political and social issues facing cryptocurrency adoption.
Binance CEO Changpeng “CZ” Zhao said the establishment of the board reflects Binance’s commitment to building trust with regulators as they work towards responsible oversight of the industry. I said yes.
CZ added:
“with [board], has significantly enhanced its ability to manage regulatory complexity by leveraging the highest level of expertise available globally. “
According to CZ, with mass adoption of cryptocurrencies rapidly approaching, it’s a good time for boards to take off, but complex regulatory hurdles must be overcome.
The Board is chaired by former US Senator and Ambassador to China Max Borkus. Other notable experts on the team include Ibukun Awosika, HyungRin Bang, Bruno Bézard, Leslie Maasdorp, Henrique de Campos Meirelles, Adalberto Palma, David Plouffe, Christin Schäfer, Lord Vaizey, David Wright and Changpeng Zhao.
Board Chairman Max Borkus has acknowledged that the world of cryptocurrencies, blockchain and Web3 holds the greatest potential for creating positive global disruption.
The Chair added:
“We are thrilled to participate in the founding of the Binance Global Advisory Board, bringing together the Group’s unparalleled expertise to solve complex problems and drive positive social outcomes.”
Binance and Responsible Regulation
Major cryptocurrency exchanges are actively working with regulators around the world to promote crypto-friendly policies.
According to reports on August 24, Binance was invited to a Senate hearing by Philippine authorities to discuss issues related to the responsible regulation of cryptocurrencies. Philippine regulators are looking to take advantage of cryptocurrencies while protecting the interests of users.
At the recent Binance Blockchain Week in Paris, CZ announced that the Market in Crypto Assets (MiCA) regulatory framework proposed by the European Union would be a global standard as it seeks to promote crypto adoption while protecting consumers. said it could become
