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Binance establishes Global Advisory Board to work on regulatory and political issues

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As the crypto community grows, issues within the crypto community become more complex. Regulatory, political and social issues often get in the way of crypto adoption, slowing the advancements within the space.

In response to these issues, crypto exchange Binance formed a task force called the Global Advisory Board (GAB). The board consists of individuals expected to tackle any issues that may arise as the exchange continues its initiatives to advance crypto, blockchain and Web3 adoption.

The group will be led by a former United States Senator, Max Baucus. Members include various figures like Ibukun Awosika, HyungRin Bang, Bruno Bezard, Leslie Maasdorp, Henrique de Campos Meirelles, Adalberto Palma, David Plouffe, Christin Schäfer, Lord Vaizey and David Wright.

In a press release, Binance CEO Changpeng Zhao said that from the inception of the exchange, it faced issues that "no one even knew existed." Zhao believes that the formation of GAB is a step toward advancing the firm's mission.

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