Binance disbands its Global Advisory Board, key UK ally jumps ship
A member of the UK ’s House of Lords, Edward Vaizey, has stepped down from his advisory role at Binance after the Crypto exchange reportedly disbanded its Global Advisory Board. On July 12, a Telegraph reporter discovered that the board was disbanded and now resembled something closer to a ‘formal board of directors.’ Indeed, a Binance spokesperson told Protos it has implemented “a new global governance structure, which includes a board of directors including three independent directors, as well as Audit and Finance, Compliance and Risk, and other committees.” It added, “We are grateful for the contributions of the Global Advisory Board over the past 24 months since its creation.” Lord Vaizey joined Binance in September 2022 when it originally announced the formation of the advisory board. He told the Telegraph at the time that the role “ won’t involve me lobbying the FCA to regulate ,” adding that the idea, “hadn’t even come into my head.” ...