Binance, the biggest cryptocurrency exchange by trading volume, has announced the formation of its Global Advisory Board (GAB), which will consist of eminent figures in the fields of public policy, government, finance, economics, and corporate governance. The board will be focusing mainly on driving the development of web3.
According to Changpeng Zhao, founder and CEO of Binance, over the last five years, the company has been at the vanguard of pioneering the exciting new world of blockchain, cryptocurrencies, and Web3.
He added that:
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.
Through the use of the GAB, businesses are amplifying their capacity to handle the complexity of the regulatory environment by drawing on the greatest level of knowledge that is accessible anywhere around the globe.
According to Zhao, this engagement between Binance and the top experts of the GAB is a testimony to the commitment that Binance places on compliance, transparency, and guaranteeing a constructive relationship with the world’s regulators as they work to build policies that make sense globally.
Binance’s blog says:
We embrace the responsibility to lead the industry from the front and support regulators as they seek to establish a global regulatory and compliance framework for the industry. The right regulations will foster continued technological innovation.
They added that the Binance GAB will allow the company to continue to show the world what we’re capable of and to serve as an exemplary model for the blockchain industry.
