Crypto exchange BINANCE has just announced it has created a global council of advisors with the aim of engaging in a dialogue on the sector’s regulatory regime.
The council reportedly consists of former senior officials from several countries.
Changpeng Zhao, CEO of the platform, has said:
«This collaboration highlights our commitment to compliance, transparency and ensuring a collaborative, trusting relationship with the world’s regulators.»
The board will be chaired by Max Baucus, former chairman of the US Senate Finance Committee and US ambassador to China.
Zhao has added:
«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.»
