Binance, the cryptocurrency giant, has made a significant move by establishing its inaugural board of directors amid a period of regulatory overhaul, with Gabriel Abed at the helm.

This decision comes at a time when Binance is under scrutiny for the dominance of insiders within its ranks, in addition to facing various legal hurdles.

The formation of the board aims to navigate through these challenges, marking a pivotal step in the company’s efforts to comply with global regulatory standards and bolster its governance structure.

This strategic shift reflects Binance's commitment to addressing the concerns and legal issues it faces, while also striving to maintain its leading position in the cryptocurrency market.