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Binance Global Advisory Board to Propel the Future of Web3

Binance has announced the creation of its new Global Advisory Board (GAB), which includes two Africans from Nigeria and South Africa.

By Anna B Kiwanuka

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A new Global Advisory Board (GAB) has been launched by Binance, the largest cryptocurrency exchange in the world by trading volume. The GAB is made up of renowned authorities in public policy, Government, finance, economics, and corporate governance.

The Global Advisory Board recently met in Paris, France, under the leadership of Max Baucus, a former US senator and ambassador to China. The board’s role is to advise Binance on some of the most challenging political, social, and regulatory concerns that the whole cryptocurrency sector faces as it rapidly expands and changes.

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

“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,” it further stated.

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Binance founder and CEO Changpeng Zhao, also commented, “For the past five years, Binance has been at the forefront of pioneering the exciting new world of crypto, blockchain, and Web3. In that time, we’ve tackled complex issues no one even knew existed. 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.”

Ibukun Awosika, the first female chairperson at First Bank Nigeria, among several important roles, and Leslie Maarsdorp, Vice President and Chief Financial Officer of the New Development Bank. in South Africa are the 2 Africans part of the Advisory Board.

Leslie Maarsdorp commented, “For the cities that are willing to partner with companies like Binance in order to create progressive regulations and an effective Web3 environment, I expect it to enable a number of investments into the space.”

Awosika singled Binance for its accountability and transparency as it rolls out products and services to clients, sharing in the excitement to help transform the Web3 economy as part of the Board which Binance CEO, Changpeng Zhao, has termed as ‘the company’s next big step.

Binance is harnessing the GAB’s unrivaled collective experience and expertise to benefit the sustainable development of the industry as a whole, by weighing in on the toughest and most sensitive regulatory and compliance issues facing crypto, blockchain, and Web3.


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