Bai Mingguo, the one who got the first license for digital asset trading in Middle East, is now officially appointed as the CEO of CoinW, while the former CEO Sebastian keeps staying at CoinW to be in charge of other business modules. Thanks for Mingguo joining us, which definitely will be one step closer to the healthy and sustainable development and a promising global market for CoinW.
As a professional in investment bank and asset management, Bai Mingguo has earned a reputation in Asian and Middle Eastern markets, in terms of his rich experience, extensive industry resources and brilliant records in key business fields such as commodity trading, contracts for differences, derivatives and ect.
He is also a partner of his royal highness Sheikh Zayed, a member of the royal family of Abu Dhabi, and an adviser to his Highness's office, once served as the chief financial adviser of the UAE monarch company, the special adviser of the Saudi national defense technology corporation, the executive director of Alvor Switzerland, the bond issuance consultant of the listed company Brooge and the aviation industry of Kazakhstan, and the consultant of UPP real estate; In addition, he has participated in the debt issuance project of Israel energy company Delekdrilling and the bond issuance project of Dubai listed company.
In 2017, Bai Mingguo established World Credit Savings (WCS) in ADGM, an international financial center in Abu Dhabi, the capital of the UAE, and served as CEO. The company's business was licensed by the UAE FSRA (Financial Services Regulatory Authority). At the same time, he also served as an independent director of WCS Japan and the 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 of them. Under his efforts, WCS obtained the first license of digital asset exchange in the Middle East issued by the FSRA.
At present, the global compliance operation is still the emphasis of digital asset trading platforms. On this basis, abiding by the laws and regulations of each countries and expanding the crypto businesses in compliance are the mainstream trends. From the beginning of the establishment, CoinW has adhered faithfully to the strategic road of compliance and globalization, and the joining of Bai Mingguo will accelerate the process of CoinW's global compliance operation.
September 30, 2021