Patrick

Read

<div class="cryptonews">
 <p class="is-style-lead">Jonathan Farnell, the compliance officer of Binance in the UK, has left the company.</p>
 <p>In a comment to crypto.news, Binance’s spokesperson confirmed Farnell’s departure.</p>
 <blockquote class="wp-block-quote">
  <p>“We’d like to thank Jonathan for his contributions and wish him all the best on his next challenge.”</p> <cite>Binance representatives</cite>
 </blockquote>
 <p>According to his LinkedIn page, Farnell left Binance Markets Limited at the end of September. He had already left his senior role at Binance Europe in June. Now, he heads the Bifinity subsidiary.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Exploring FCA’s new crypto promotion rules and their implications
 </div>
 <h2 class="wp-block-heading" id="binance-under-regulatory-pressure">Binance under regulatory pressure</h2>
 <p>Binance is still under increasing <a rel="noopener noreferrer nofollow" title="regulatory" href="https://thebittimes.com/tag/regulatory.html">regulatory</a> <a rel="noopener noreferrer nofollow" title="pressure" href="https://thebittimes.com/tag/pressure.html">pressure</a> in the U.S., where it is embroiled in disputes with two regulators, and the UK. Many top managers have left the company in recent months amid ongoing repression.</p>
 <p>Over the past few months, several more top management employees have left the company. We are talking about the head of the Asia-Pacific region of Binance, Leon Funeg, <a rel="noopener noreferrer nofollow" title="chief" href="https://thebittimes.com/tag/chief.html">chief</a> strategy officer Patrick Hillman, general counsel Hong Ng, and <a rel="noopener noreferrer nofollow" title="chief" href="https://thebittimes.com/tag/chief.html">chief</a> business officer Yibo Ling.</p>
 <p>In September, another top manager, Mayur Kamath, global head of product and design at Binance, left the crypto exchange. Also, two top managers responsible for the Russian region left Binance at once: its director in Eastern Europe, Gleb Kostarev, and director in the CIS, Vladimir Smerkis.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Binance Research reports market cap decline in Q3 2023
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/binance-s-uk-chief-resigns-amid-regulatory-pressure-tbt67533.html">https://thebittimes.com/binance-s-uk-chief-resigns-amid-regulatory-pressure-tbt67533.html</a></p>

Binance’s UK chief resigns amid regulatory pressure

Table of Contents

TheBitTimes

Other articles published on Oct 24, 2023

Patricia customers to protest against converting their assets into equity

A16z-backed privacy company announces $300 million funding program

Dogecoin Price Prediction as DOGE Sees Significant Gains & Traders Back This New Meme Coin to 10x

Bitcoin price surge sees significant asset outflow on crypto exchanges

Is KuCoin Going to Zero? KCS Drops 1.5% Suddenly as Trending Crypto Gem Hits $675,000 Milestone

ARK Invest Sells $2.5M in Grayscale GBTC Amid BTC Price Surge

Join our free newsletter for daily crypto updates!