Boris Johnson's brother resigns as adviser to Binance subsidiary firm
Joseph Edmund Johnson, brother of former UK Prime Minister Boris Johnson, resigned from his advisory role to a subsidiary company of the crypto exchange Binance, the Telegraph reported. Binance subsidiary firm Bifinity, the Telegraph reported.
UK regulators banned Binance from operating financial services in June 2021. The Financial Conduct Authority, the UK's financial watchdog agency, asserted that the firm lacked the authorization to conduct regulated services in the UK. Binance sought the proper regulatory licenses in November, The Block previously reported. Binance CEO Changpeng Zhao has defended the company's finances by stating.
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