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Binance Global Advisory Board to Propel the Future of Web3

2022-09-22

From day one at Binance, we've dedicated ourselves to furthering the freedom of money for the world. Crypto assets have provided the means to do this, and supporting their further acceptance will significantly impact social and financial inclusion. We work hard to achieve these goals by building great products, hiring the best team, and closely engaging with our community – but there's still more we can do.

To help chart the best path forward for Web3, crypto, our company, and our users, I have established the Binance Global Advisory Board (GAB). I, and its 11 other members, are taking on a task that no one can do alone. The underlying technology of blockchain holds tremendous promise, and we're here to unlock it together. 

The Binance Global Advisory Board Has a Clearly Defined Purpose

Through my experiences at Binance and the industry as a whole, I've engaged with leaders, regulators, and businesses across a wide variety of sectors. It’s given me a lot of knowledge. But, one of our company’s core values is humility, and I know that I don’t know everything. This is where the GAB will add a lot of value. 

Over the years, we have built a global presence and have actively engaged with leaders in countries from France to UAE. It has been inspiring to see so many of these countries leading the charge and embracing a future where crypto and blockchain are major forces in their economy. We understand that licenses and regulations will require much conversation and compromise, but the trajectory is clear, more and more countries want to find a positive path forward. 

With the speed and pace that Web3, cryptocurrencies, and blockchain technology are developing, it’s vital Binance draws on its knowledge, diverse experiences, and backgrounds to help us properly and successfully navigate such a dynamic industry.

Why the Time Is Right for Binance's Global Advisory Board

To many in the community, there will be a question of why we're forming the Global Advisory Board at this moment in time. The answer is simple and self-evident. Both I and Binance as an entity see an inflection point for mass crypto adoption rapidly approaching.

With this change clearly on the horizon, Binance's role as an industry leader needs to be honed and managed with increasing expertise and experience.  While we have doubled down our focus on regulatory compliance and transparency, we want to ensure that Binance is continuously drawing on its strategic counsel of experts. 

Together, we’ll consult the most complex regulatory, compliance, political, and social issues that we, as a company, and the entire crypto industry will face today and in the future. I'm honored that our company has the credibility to convene such distinguished people who sit on our GAB. 

No single person can cover all the areas that need thoughtful, considered decision-making at this pivotal time. Binance will benefit greatly from input from people with experience across governments and industries, important and strategic relationships, and subject matter expertise. 

The needs are broad and the standards high, but the makeup of the GAB does a fine job meeting these. From a former US senator to distinguished economists and global business leaders, I find myself in the company of an esteemed and highly accomplished group of people who share Binance’s mission, values, and vision going forward.

We're Resolved to Our Commitment to Helping Create Responsible Regulation 

Convening a GAB with this caliber of leaders is a testament to Binance's commitment to building trusting and cooperative relationships with regulators as they develop sensible regulations worldwide. 

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 will preserve crypto’s fundamental value propositions of freedom and empowerment while ensuring the right guardrails are in place that provide consumer protection. The Binance GAB will help us continue to demonstrate to the world exactly what our organization is capable of and set a shining example for the blockchain industry.

Below is the list of our Global Advisory Board

Max Baucus 

USA

Former U.S. Ambassador to the People’s Republic of China; Former U.S. Senator Montana; Former Chairman of Senate Committee on Finance

Ibukun Awosika 

Nigeria

First Female Chairman, First Bank of Nigeria; Founder, The Chair Centre group; Chairman, Nigerian Advisory Board, for Impact Investing and Convention on Business Integrity; Member G7 International Task Force for impact investing; Author of several books

HyungRin Bang

Korea

Advisor of the Korea Presidential Committee;  PR/Communications Advisor of Yoon Seuk-Yul’s 2022 Presidential Campaign; Former CEO, SoftForum Inc.; Former Executive Director, Hyundai; Former Executive Director, Samsung; 

Bruno Bezard

France

Managing partner of Cathay Capital; Former Economic Advisor to the French Prime Minister; Former Head of the French Treasury; Former CEO of the French Government Shareholding Agency

Leslie Maasdorp

South Africa

Vice President and Chief Financial Officer of the New Development Bank. Former MD and President for Southern Africa at Bank of America Merrill Lynch. Former Vice Chairman of Barclays Capital. Former International Adviser to Goldman Sachs. 

Henrique de Campos Meirelles 

Brazil

Former Minister of the Economy, 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, Bank Boston; Former President of Global Banking, Fleetboston Financial; Former Board member, Raytheon Corporation, Bestfoods and Champion International. Former Member of the Council of Lloyd’s of London; Former Chairman of Lazard Americas. 

Adalberto Palma

Mexico

Honorary Board Member of The Aspen Institute Mexico; Former Senior Advisor at the Chief of Staff Office to the President of Mexico; Director of Business Development at BEworksMX Consulting; Former President of the CNBV; Founding Chairman of The Center for Excellency in Corporate Governance; Independent Director of the Institute for Savings Protection; President of Bankers Trust Mêxico, Colombia and Venezuela; Managing Director of Citibank Mexico. 

David Plouffe

USA

Business, Non-Profit and Political strategist; Author, Member of Various Boards of Directors; Former Campaign Manager Senior Advisor to President Obama in the White House

Christin Schäfer

Germany

Founder and Managing Director of acs plus; Former Group Risk Operating Officer, Erste Group Bank; Former Global Head of Quantitative Solutions, Deutsche Bank, Member of the Data Ethics Commission, German Federal Government

Lord Vaizey

UK

Member of the House of Lords; Former Minister and Member of Parliament 

David Wright

Europe

Chair, EUROFI; Former Secretary General, IOSCO, Former European Commission; Deputy Director General Financial Markets, European Commission