Binance to create advisory board on crypto regulation
It will consist of 10 people, and will be headed by former US Senator Max Baucus
22.09.2022 - 13:45
349
2 min
0
What’s new? The cryptocurrency exchange Binance invites former government officials and financial experts to create a new Global Advisory Board (GAB). It will consist of 10 people and will be headed by a former US Senator Max Baucus, who joined Binance in 2021. The board includes former head of the French Treasury and former economic adviser to French Prime Minister Bruno Bezard, former Brazilian Minister of Economy Henrique de Campos Meirelles, and former European Union Commissioner David Wright.
Information on the exchange's blog
What is the essence of the initiative? Changpeng Zhao, head of the exchange, said the collaboration underscores the company's commitment to compliance, transparency, and ensuring trusted relationships with global regulators. He added:
“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.”
In August 2021, the exchange hired former US federal law enforcement investigator Greg Monahan as its Global Money Laundering Reporting Officer. And in December, Binance's US subsidiary hired Intel's top compliance executive, Sidney Majalya, as the cryptocurrency exchange's chief risk officer.
Useful material?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$98 223
BTC
-0.35%
-
Ethereum
$3 421.99
ETH
+2.5%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.48
XRP
-6.41%
-
Dogecoin
$0.444073
DOGE
+9.04%
-
Cardano
$1.07
ADA
-4.7%
-
Stellar XLM
$0.50728
XLM
+17.07%
-
Polkadot
$9.47
DOT
+34.03%
-
Bitcoin Cash
$516.53
BCH
-0.13%
-
Litecoin
$100.86
LTC
+3.64%