Binance’s UK chief departs as regulatory pressure mounts | Headlines | News | CoinMarketCap

10/24/2023 13:06
Binance’s UK chief departs as regulatory pressure mounts | Headlines | News | CoinMarketCap

Jonathan Farnell, a compliance specialist who was Binance’s UK chief before taking over Bifinity, a subsidiary, has left the business — becoming the …

Jonathan Farnell, a compliance specialist who was Binance’s UK chief before taking over Bifinity, a subsidiary, has left the business — becoming the latest in a string of executive departures.

UK corporate filings and Farnell’s career history on LinkedIn suggest he resigned from his post at Binance Markets Limited in late September. Farnell had already stepped down from a senior compliance role at Binance Europe in June. 

“We’d like to thank Jonathan for his contributions and wish him all the best on his next challenge,” a Binance spokesperson told The Block. Farnell did not immediately respond to a request for comment.

The news comes with Binance under mounting regulatory pressure, both in the United States, where it is embroiled in disputes with two regulators, and in the …

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