Binance, the world’s largest cryptocurrency exchange by trading volume, has taken a significant step towards reshaping its operations by appointing a board of directors for the first time. This move comes after the exchange pleaded guilty last year to US charges related to anti-money laundering (AML) and sanctions violations.
Binance Unveils Inaugural Board Of Directors
According to a Bloomberg report, the board consists of seven members, with Gabriel Abed, the former ambassador of Barbados to the United Arab Emirates, assuming the role of chairman. Binance CEO Richard Teng is also a member of the board, along with three other company executives: Heina Chen, Jinkai He, and Lilai Wang.
Two external members, Arnaud Ventura (Managing Partner of Gojo & Co) and Xin Wang (CEO of Bayview Acquisition Corp.), are also part of the newly appointed board of directors of the exchange.
Chen, He, and Wang, who have reportedly been with Binance since its inception, are among t
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