While uncertainty continues for crypto regulation in the US, the world’s largest financial center, the ongoing work in the UK has turned the eyes of crypto exchanges to the island country.
Speaking at the summit organized by the economy-finance media organ Financial Times Binance CEO, Patrick Hillmann, commented that transoceanic crypto regulations have turned into a mess in the last 6 months. American Securities and Exchange Commission SEC coinbase Referring to the lawsuit he filed against the stock exchange, Hillmann stated that he believed the authorities were also confused.
Binance’s chief strategy officer announced that they are ready to do whatever they can for the cryptocurrency regulation already discussed in the UK. Patrick Hillmann’s comments, with Binance England It may indicate that the ice between them is melting.
Binance – UK Relations
The giant cryptocurrency exchange and British authorities have faced each other on many issues in the past. The country’s Financial Conduct Authority had ordered Binance to cease operating in the country in 2021. Binance, on the other hand, is trying to circumvent blocking efforts by complying with the local laws of the states it has problems with.
On the other hand, the head of Binance, the largest crypto trading platform by trading volume USA in trouble with In March, the Commodity Futures Trading Commission (CFTC) filed a lawsuit alleging Binance was operating illegally.
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