Coinspeaker
Gabriel Abed Takes Helm as Binance Launches Inaugural Board of Directors

The biggest cryptocurrency exchange in the world, Binance, has launched its first Board of Directors naming Gabriel Abed the new Chairman of the Board. This is a big change in the way the company is run and the bold step to deal with recent legal and regulatory problems.

Strengthening Binance’s Governance Practices

According to a Binance announcement on April 1, Gabriel Abed, known for having a lot of experience and knowledge in finance and foreign politics, will be in charge of Binance’s efforts to improve governance and regulatory compliance. Binance’s decision to hire him and Richard Teng as at the helm of Binance Holding’s Limited shows that the company wants to improve its control.

Arnaud Ventura and Xin Wang are two outside members of the new board. Heina Chen, Jinkai He, and Lilai Wang are three inside executives. These appointments, which took effect on March 7, show that Binance is taking the initiative to change its government.

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