A former Chairman of First Bank of Nigeria Limited, Ibukun Awosika, has been appointed on the advisory board of cryptocurrency giant, Binance.

According to a statement from the crypto giant, Awosika was appointed to help the cryptocurrency exchange company manage some of the most urgent regulatory concerns.

The popular crypto exchange has been encouraging nations to take the initiative and embrace an economic future in which cryptocurrencies and blockchain will play a significant role.

“We are aware that licenses and rules will necessitate much discussion and negotiation, but the trend is clear—more and more nations want to establish a promising future,” the report stated.

Speaking about her selection, Awosika said, “The transparency and accountability with which Binance seeks to deliver services to its clients are impressive. As a company of the future, Binance must continue to evolve, build and find solutions in real-time. I am proud to play a role as a member of its Global advisory board and to be a part of truly transforming the web3 economy.”