What is #GAB ?
GAB stands for Global Advisory Board. This is a senior advisory body established by Binance, aimed at providing strategic advice on major issues such as regulation, policy, social, and governance challenges that Binance faces globally.
The establishment of GAB reflects Binance's high regard for compliance and long-term development. By inviting experts with extensive experience in public policy, government affairs, finance, economics, and corporate governance, Binance hopes to leverage their professional perspectives and expertise to better address the complex challenges encountered in the rapidly developing cryptocurrency industry.
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II. Mission and Responsibilities of GAB
The main responsibilities of GAB include:
1. Policy Recommendations: Providing Binance with advice on how to communicate with local regulatory authorities and operate in compliance when operating in different regions and countries around the world.
2. Risk Management: Helping Binance identify and anticipate potential risks in the rapidly developing cryptocurrency industry, such as regulatory risks, reputational risks, market risks, and more.
3. Strategic Planning: Guiding Binance on the development direction in cutting-edge fields such as Web3, blockchain technology, and decentralized finance (DeFi).
4. Social Responsibility: Proposing opinions that balance the promotion of blockchain technology development with social welfare, transparency, and legality, to promote a more sustainable and healthy industry development.
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III. Composition of GAB Members
GAB is composed of several globally renowned individuals who have a deep background in public policy, finance, and governance. Notable members include:
Max Baucus: Former U.S. Senator and Ambassador to China, serving as the Chairman of GAB.
David Wright: Former Secretary General of the International Organization of Securities Commissions (IOSCO) and a member of the European Commission.
