The team at digital assets firm Binance notes that they are pleased to confirm the appointment of Mark McGinness, former Head of International Relations at the Dubai Financial Services Authority (DFSA). Mark joins Binance as its Chief Regulatory Liaison Officer, the announcement revealed.
“Mark is one of the most respected regulators and compliance experts in the industry. He brings with him over 30 years of invaluable experience working alongside key stakeholders in the financial services industry. And Mark joining our leadership is not only a huge step forward for Binance, but the industry as a whole, as we work to grow the industry responsibly with the support of regulators and policymakers across the globe.”
Mark added that the fast mainstream adoption of blockchain and crypto tech “signals a need for a deeper understanding and appreciation among governments, regulatory bodies, and users alike.”
He also noted that he aims “to bridge this divide through working closely with industry leaders and policymakers to not only set best practices and regulatory frameworks but also broaden their understanding of this dynamic industry.”
Mark has more than 30 years of professional experience as a leading financial services regulator, “working with industry stakeholders, international regulators, and regional securities and insurance commissions.”
In Mark’s previous role leading global engagement for the DFSA, he played a key role in establishing “a global network of over 85 regulators and settled 100 Memoranda of Understanding for the financial center.” Mark also “held the position of the DFSA’s Chief Decision Maker, deciding on matters referred by its Enforcement division,” the announcement revealed.
Prior to joining DFSA, Mark was working as the Head of International Relations and Advisor to the Chairman of the Australian Securities and Investments Commission (ASIC), where he was “responsible for its international engagement and advising on ASIC’s commitment to global standard-setting.” Mark has also “held advisory positions as a subject expert for the International Monetary Fund (IMF) and the World Bank,” the update noted.