Binance Global Advisory Board to Propel the Future of Web3

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