Binance, a global cryptocurrency exchange, will be aided by an international team of experts who have extensive experience in corporate and public governance. According to Binance's management, this is a sign of Binance’s commitment to compliance and collaboration with regulators.
Crypto Exchange Binance Gets Expert Advice on Regulatory Issues
Binance, the largest digital asset exchange by trading volume, has created a Global Advisory Board. According to a press release, the body includes "distinguished specialists in public policy and government, finance, economics and corporate governance", according to Binance, a cryptocurrency trading platform.
The main responsibility of the board is to advise Binance about how to handle the most complicated regulatory, political and social issues the entire crypto industry faces as it grows and evolves.
Former U.S. Ambassador Max Baucus chairs the Global Advisory Board. The Global Advisory Board, headed by former U.S. Senator Max Baucus and Ambassador to China, met recently in Paris, France. It has members from every corner of the globe, including Europe and Africa.
Bruno Bezard (ex-head of the French Treasury) and a former government advisor are among them. Hyung-rin Bang (advisor to the Korea Presidential Committee) and Henrique De Campos Meirelles (ex-president of Brazil's central bank and economy minister), are also among them.
In a statement, Changpeng Zhao, Binance's founder, stated that Binance has been pioneering the worlds of blockchain, crypto and Web3 over the past five year. He noted that the company's team has solved complex problems no one knew existed over the past five years.
Our focus has remained constant on providing compliance solutions that protect crypto users' interests, while maintaining a fast pace of socially-beneficial innovations.
Binance's next major step in its mission to share the advantages of modern finance with the world is represented by the new advisory board, explained the chief executive. Max Baucus said that "of all the technologies that have the potential to cause positive disruption, the worlds of crypto, Blockchain, and Web3 are among the most exciting, and the most promising."
CZ also stressed that Binance's ability to manage regulatory complexity is improving with the Global Advisory Board. Binance can tap into the expertise of its members. It was established to demonstrate Binance's commitment to compliance, transparency and cooperative relationships with regulators around world, he said.
Zhao had earlier indicated that the largest cryptocurrency exchange wanted to "go global by playing locally on multiple markets." Zhao made the announcement in Bucharest where he also revealed that the company will open a Romanian office, and launch a Romanian-language support services as part of its plans for expansion into Eastern Europe.
Are you positive that the new advisory board will allow Binance to more effectively navigate the crypto regulatory landscape in the markets it operates in? Please comment below with your expectations.
Frequently Asked Questions
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To diversify your portfolio you might need to pay additional charges. The fees you pay will vary depending on the type of IRA that you choose. For example, some companies offer free checking accounts but charge monthly fees for IRA accounts.
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Bullion is often used to refer to precious metals. Bullion refers actually to the metal.
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Gold prices have been on an upward trend over recent years, but they remain relatively low compared to other commodities such as oil and silver.
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Consider these things if you are thinking of investing in gold.
- First, consider whether or not you need the money you're saving for retirement. It's possible to save for retirement without putting your savings into gold. However, you can still save for retirement without putting your savings into gold.
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- The price of gold jumped 131 percent from late 2007 to September 2011, when it hit a high of $1,921 an ounce, according to the World Gold Council. (aarp.org)
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- (Basically, if your GDP grows by 2%, you need miners to dig 2% more gold out of the ground every year to keep prices steady.) (smartasset.com)
External Links
investopedia.com
wsj.com
- Saddam Hussein’s InvasionHelped Uncage a Bear In 1989 – WSJ
- Do you want to keep your IRA gold at home? It's Not Exactly Legal – WSJ
finance.yahoo.com
irs.gov
How To
Guidelines for Gold Roth IRA
It is best to start saving early for retirement. Start saving as soon as possible, usually at age 50. You can continue to save throughout your career. It is essential to save enough money each year in order to maintain a steady growth rate.
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Save regularly and continue to save over time. You may not be eligible for any tax benefits if your contribution is less than the maximum allowed.
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By: Lubomir Tassev
Title: Binance Creates Global Advisory Board to Tackle Regulatory Challenges
Sourced From: news.bitcoin.com/binance-creates-global-advisory-board-to-tackle-regulatory-challenges/
Published Date: Fri, 23 Sep 2022 09:30:29 +0000
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