He is a leading financial elite in Asia and the Middle East investment market, as well as a professional with extensive experience in digital asset market compliance operations. Now he joins CoinW to win and serve as the global CEO. His joining will further promote the healthy and long-term development of CoinW and further expand the influence of CoinW on a global scale. He is Mr. Mingguo, who founded Abu Dhabi World Credit Savings.
It is understood that Bai Mingguo will be fully responsible for CoinW's global business, and former CEO Sebastian will continue to stay in CoinW and serve other business modules.
Won the first digital asset trading license in the Middle East
Bai Mingguo is an influential investment banking and asset management professional in the Asian and Middle Eastern markets. In key business areas such as commodity trading, CFDs, and derivatives, he has rich experience and extensive industry resources, and has achieved brilliant records.
He is a partner of His Royal Highness Sheikh Zaid, a member of the Abu Dhabi Royal Family, and a consultant to His Highness’s office. He has served as Chief Financial Advisor of the UAE Monarch Company, Special Advisor of Saudi Life Shield Defense Technology Company, Executive Director of Alvor Switzerland, and Brooge Energy Bonds of the listed company Issuance consultant, UPP real estate consultant, and debt issuance consultant of the Kazakhstan Aviation Industry; participated in the debt issuance project of Israel's Delek Drilling Energy Company and the Dubai Investment Bond issuance project of the listed company.
In 2017, Mr. Bai Mingguo established World Credit Savings (WCS) in Abu Dhabi International Financial Center (ADGM), the capital of the UAE, and served as the CEO. The company's business is licensed by the UAE FSRA (Financial Services Regulatory Authority). At the same time, Mr. Bai Mingguo also serves as an independent director of WCS Japan and an executive director of World Credit Solution. He has successively participated in the compliance construction of dozens of trading platforms such as ATFX, CAPEX, Finior Capital, and served as a non-executive director on some platforms. Under its efforts to operate, WCS has obtained the license of the first digital asset exchange in the Middle East issued by the Abu Dhabi Financial Supervision Authority.
Assist CoinW's global compliance operations
At present, global compliance operations are still the main theme of various digital asset trading platforms. On this basis, abiding by the laws and regulations of various countries and expanding the encryption business in compliance are the mainstream trends. From the beginning of its establishment, CoinW has adhered to the strategic route of compliance and globalization. The addition of Bai Mingguo will accelerate the process of CoinW's global compliance operations.
In response to the global digital asset supervision trend, Bai Mingguo said: "For trading platforms to go longer, compliance is an inevitable trend. Only by adhering to compliance operations can we protect the interests of users and promote the health and prosperity of the digital asset market. Hope to join After CoinW, we can make progress together and actively promote the formulation of industry rules. While promoting the popularization of encrypted assets, it can also better protect users and provide users with the best services."
The pace of CoinW's compliance has been moving forward: On March 27, 2020, CoinW won the Singapore MAS license. Its licensed business involves Singapore local transfers, cross-border transfers, and digital currency payment services. On May 6, 2020, Biying successfully obtained the US MSB license. In June 2021, CoinW and the well-known Malaysian listed company Yongda Group reached a strategic cooperation and won the Labuan digital currency license in one fell swoop. In August 2021, Biying also successfully registered with St. Vincent’s FSA, gradually establishing a huge global compliance network.
The glory of yesterday is past. Everything in the past is a prologue.
Bai Mingguo emphasized: “In the future, CoinW will continue to take obtaining regulatory licenses from various countries as a priority and conduct business under the premise of compliance. At the same time, we will continue to improve our trading system, upgrade our customer service system, and launch more products and functions suitable for users. , So as to achieve a win-win result between the platform and the user."
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