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Binance Gets Key Advisors for New Global Advisory Board

Binance Gets Key Advisors for New Global Advisory Board

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  • Former Obama campaign manager and senior adviser David Plouffe is now on board.
  • The chairman of the board is former senator and ambassador to China Max Baucus.

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

Experts in public policy, governance, finance, economics and corporate governance, such as former Obama campaign manager and senior adviser David Plouffe, former UK Secretary of State for Culture and Digital Economy Lord Vaizey and former head of the French Finance Ministry Bruno Bezard, form the board chaired by former senator and China- Ambassador Max Baucus.

Prominent persons from Nigeria, South Korea, South Africa, Brazil, Mexico and Germany have also been invited to the board.

Binance CEO Changpeng Zhao stated:

“With the speed and pace of development in Web3, cryptocurrencies and blockchain technology, it is vital that Binance leverages its expertise, diverse experiences and backgrounds to help us navigate properly and successfully in such a dynamic industry.”

Rapid expansion worldwide

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 Dutch central bank fined the crypto exchange $3.3 million in July for operating without the necessary license to do business in the Netherlands.

Zhao wrote in his blog post:

“Both myself and Binance as a whole see the tipping point for mass crypto adoption quickly approaching.” With this change clearly on the horizon, Binance’s role as an industry leader must be honed and managed with growing expertise and experience.

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