The World's Biggest Cryptocurrency Exchange, Binance, Appoints Ibukun Awosika to Global Advisory Board
- World’s biggest crypto exchange platform appoints ex-first bank director to its advisory board
- Binance has announced the appointment of former First Bank Director Ibukun Awosika to its Advisory Board
- The cryptocurrency exchange platform said it has been encouraging countries to take a proactive measure toward crypto
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The world’s biggest cryptocurrency, Binance, has appointed former First Bank Director Ibukun Awosika to its board advisory board to help it manage some of the most urgent regulatory problems in the industry.
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Binance encourages countries to adopt crypto
A statement by Binance said the exchange had been prodding countries to take the initiative and adopt an economic future in which crypto and blockchain will play an important role.
The platform said that licenses and regulations will elicit discussion and negotiation and that more nations want to establish a promising future.
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Awosika said that Binance’s transparency and accountability in its seeking to deliver service to its clients are commendable, saying the platform must continue to evolve as a future company and find solutions in real time.
Binance, a crypto exchange platform, said this in a statement on Thursday, September 22, 2o22, in Paris, France.
Changpeng Zhao, Binance founder and CEO, said the arrangement would help chart the best path forward for web3 crypto.
Other members from around the world
The board consists of eleven notable business leaders from around the world.
Binance appointed Henrique de Campos Meirelles, a former Brazilian minister of the economy; David Wright, a former secretary general of the International Organisation of Securities Commissions; Bruno Bézard, a former head of the French Treasury; Ibukun Awosika, among others.
The other African on the board is South Africa’s Leslie Maasdorp, a former vice-president and chief financial officer of the New Development Bank.
Max Baucus, a former chairman of the US senate finance committee and ambassador to China, will lead the board.
Crypto facing hard times
The industry has faced turbulence in recent times as it crashed from its all-time high of November 2021, with Bitcoin losing 70 per cent of its value
Cryptocurrencies have recently faced turbulence in what many have described as crypto winter.
Recently, many trading and exchange platforms have collapsed and declared bankruptcy.
The world’s largest cryptocurrency, Bitcoin, has lost over 70 per cent of its value and currently trades below $20,000.
Many experts have predicted that there will be a rebound in the crypto industry and that this is a good time to invest in the industry.
Nigeria reclaims top position in Africa, overtakes Kenya in crypto adoption
Legit.ng reported that a new analysis by Chainlysis on crypto Adoption in Africa shows that Nigeria has bounced back to the top position as the country with the most adoption, standing in the 11th spot in the world. A report says last year’s leader, Kenya came third on the list and number 19 in the world.
However, the two countries have made significant progress on their adoption score, with Nigeria gaining 100.39 percent from a 0.26 index score in 2021 and Kenya gaining 41.79 percent from an index score of 0.28 last year.
Despite improvements in the countries’ scores, their rankings show they have dropped from 10 positions compared to last year.
Source: Legit.ng
