cryptocurrency

Binance acquires lead advisors to a new global advisory board

  • Former Obama campaign manager and chief adviser David Plouffe is now on the plane.
  • The council is chaired by former Senator and Ambassador to China, Max Baucus.

Binance, the largest cryptocurrency exchange by trading volume, has formed a global advisory board made up of industry leaders who will advise on regulatory, political and social issues affecting the sector.

Experts in public policy, government, finance, economics and corporate governance, such as former Obama campaign manager and chief adviser David Plouffe, former British Secretary of State for Culture and Digital Economy Lord Vaese and former head of the French Treasury Bruno Bezard, form the board, which is chaired by former senator and ambassador to China, Max Baucus.

Prominent personalities from Nigeria, South Korea, South Africa, Brazil, Mexico and Germany were also invited to join the Board of Directors.

Changpeng Zhao, CEO of Binance stated:

“With the speed and pace at which Web3, cryptocurrency, and blockchain technology are evolving, Binance is relying on its diverse knowledge, experience, and backgrounds to help us navigate such a dynamic and successful industry.”

Rapid expansion globally

Binance, which has had regulatory issues in the past in several countries, registered as a digital asset provider in Bahrain, France and Italy earlier this year and is counting on the support of crypto-friendly governments to help it grow internationally. However, the cryptocurrency exchange was fined $3.3 million by the Dutch central bank in July for acting without the necessary permission to do business in the Netherlands.

Zhao wrote in a blog post:

“Binance and I as an entity see an inflection point for the rapid adoption of mass crypto,” with this clear change on the horizon, Binance’s role as an industry leader must be refined and managed with increasing expertise and experience.

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