Who are Binance’s 11 biggest names and why are they so important to its global success?

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Binance, the world’s most traded cryptocurrency exchange, has announced the creation of an 11-person all-star team of public policy, government, financial, economic, and corporate governance experts to guide its global success.

The team, which will be known as the Global Advisory Board (GAB), will advise the exchange on some of the most complex regulatory, political, and social issues facing the entire “rapidly growing and evolving” cryptocurrency industry, Binance said in a press release.

Former Ambassador to China Max Baucus, former chairman of the Senate Finance Committee under the Obama administration, will lead the team.

Other members of the GAB include Ibukun Awosika, a Nigerian banking executive; HyungRin Bang, advisor to the South Korean presidential administration; Bruno Bézard, economic advisor to the former French prime minister; and Leslie Maasdorp, head of New Development Bank South Africa.

Also present were Henrique de Campos Meirelles, former Minister of Economics and former Governor of the Central Bank of Brazil; Adalberto Palma, Director Emeritus of the Aspen Institute in Mexico; David Plouffe, business, a non-profit and political strategist from the United States; David Plouffe, founder and managing director of acs Christin Schäfer, founder and managing director of PLUS, Inc. Schäfer, Lord Vaizey, a member of the British House of Lords, and David Wright, President of EUROFI.

Binance’s goal in assembling this experienced team is to influence the global narrative around cryptocurrency regulation. In a statement, Changpeng ‘CZ’ Zhao, CEO and founder of Binance, commented that the collaboration between the exchange and GAB experts will enhance the exchange’s ability to manage the complexities of global regulation and improve service to users.

It is worth noting that Binance began building its team in 2021 by bringing in Baucus as a policy and government relations advisor. Since then, Binance has encountered a series of regulatory violations in a number of jurisdictions, highlighting the need for this work.

Meanwhile, Binance is not the only cryptocurrency company taking this approach. Coinbase as well as other exchanges operating on different scales, such as FTX, are to see the cryptocurrency industry get regulatory clarity under favorable conditions.

》Chinese Version

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