According to the news of the country’s local newspaper O Globo Binance, It added Brazil’s former Central Bank Governor and former Economy Minister to its board of directors.
Henrique Meirelles Incorporated by Binance Has Held Many Senior Positions in the Brazilian Management
Henrique Meirelles, who most recently served as the finance minister of the state of Sao Paulo, spent eight years at the head of the central bank, until 2011, under President Luiz Inacio Lula da Silva.
He later served as the country’s finance minister for two years under Michel Temer, when the Brazilian Democratic Movement party left Lula’s Workers’ Party in 2016. If Meirelles wins next month’s election, he is likely to join Lula’s administration.
Brazil, cryptocurrency It is actively trying to implement regulations and legislation to promote its market.
The central bank of Brazil, the largest economy in Latin America, has proven that it is open to innovation in financial markets. The institution recently announced a project proposal for a decentralized finance (DeFi) liquidity pool, among several new projects for new financial solutions from the country’s largest bank, Itaú Unibanco.
Company Confirms New Appointment
“Binance confirms Henrique Meirelles’ participation in the company’s new global advisory board and reports that it will reveal more details about this initiative soon,” the world’s largest cryptocurrency exchange said in a statement after Brazilian newspaper O Globo reported the appointment.
Despite the decline in the cryptocurrency market, Binance has previously shared with its followers that it will continue to recruit even in the bear market.
*Not investment advice.
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