Binance UK CEO Jonathan Farnell has stepped down amidst increasing scrutiny from the UK's Financial Conduct Authority (FCA). Hired in 2021 for a compliance-centric role and later elevated to oversee Binance's UK operations, Farnell's exit leaves Ilir Ergis Laro as the sole representative of Binance in the UK. Before the FCA's recent regulatory changes, Farnell was instrumental in aligning Binance with the UK's regulatory framework.
Crypto exchange Binance has unveiled a dedicated domain for its UK clientele, aligning with the imminent Financial Promotions Rules of the UK. In response, Binance has not only introduced a new domain tailored for UK users but also joined forces with Rebuildingsociety.com Limited, an FCA-regulated entity recognized as an S21 approver empowered to greenlight crypto-related marketing and communication materials.