The major cryptocurrency exchange Binance hired former HSBC banking and fintech veteran named Teana Baker-Taylor to lead its expansion in the United Kingdom and the European markets. As we can see in the cryptocurrency news today, the fintech veteran has over 20 years of experience in HSBC, Citibank and the Royal Bank of Scotland.
Also, Baker-Taylor was the executive director of the blockchain and digital assets industry body from the UK, Global Digital Finance. In 2018 and 2019, she was also recognized as one of the most influential women in the fintech scene by Innovate Finance – for which she was awarded the Blockchain Leader award by Women In Tech in 2019. As she said in an interview with the media following the announcement which went viral in the Binance news:
I spent significant time in my career in banking, specifically in payments, treasury and capital markets. These areas of traditional finance also happen to be where the most innovation and disruption has occurred over the past few years.
Binance hired Baker-Taylor in order to further emerge the fintech industry, reduce friction and increase transparency in financial services. All of this will help the exchange pave the way for the adoption of digital assets and blockchain.
What’s also interesting is the fact that she has focused her efforts on bridging between traditional and decentralized finance. This is a major aspect in the Binance exchange news, especially because she says that there are similar commercial opportunities, regulatory hurdles and security as well as reputation-related risk concerns.
“I believe digital assets have the potential to revolutionize money at a macro level — as a burgeoning asset class, as a new means to raise capital globally, and through the tokenization of products,” Teana Baker-Taylor said.
Binance hired former HSBC banking executive in order to focus on the strategy, product and proposition development, along with marketing, communications and regulatory policy. In her role, Baker-Taylor will focus on the UK which “continues to be a hugely important global market,” while London remains the largest market for foreign exchange and the second-largest financial center in the world.
By February of this year, the UK-born digital banking app Revolut has been one of the apps which moved to fast-track its crypto services for all users, saying that it is widening access earlier than planned because of the global economic crisis sparked by the COVID-19 pandemic.
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