Sunday, October 1, 2023
Bitcoin - Altcoin News
No Result
View All Result
  • Login
No Result
View All Result
Bitcoin News
No Result
View All Result
Home News Binance

Just-In: Former UK Prime Minister’s Brother Jo Johnson Resigns From Binance Advisory Role

news by news
December 19, 2022
in Binance, News, UK, United Kingdom
0
Just-In: Former UK Prime Minister’s Brother Jo Johnson Resigns From Binance Advisory Role
0
SHARES
63
VIEWS
Share on FacebookShare on Twitter

READ ALSO

Over 1 Billion XRP Released from Escrow as Price Gains Facelift

“This Village Beat the Bully”- Ripple CEO at XRP Proper Party

Jo Johnson binance

Joseph Edmund Johnson or Jo Johnson, the brother of former UK Prime Minister Boris Johnson, has resigned from his position as an advisor to a subsidiary firm of the Binance cryptocurrency exchange. The subsidiary in question is a Binance-founded payment tech company called Bifinity.

Jo Johnson Quits Binance

The Binance-led Bifinity, which was established in March of this year, includes Joseph Johnson on its advisory board. He had been in that role since September, but according to a major media outlet, he resigned last week as a result of growing demands for transparency from Binance.

Read More: Binance’s Mysterious Trades Worth $22 Trillion Found In Latest Analysis

The 50-year-old member of the House of Lords of the United Kingdom, was quoted as saying:

I stepped down from the advisory board last week and have no role with it [or] any related entity.

This development comes as the crypto giant, Binance, is still having trouble gaining regulatory approval to launch operations in the United Kingdom.

Binance’s Growing Legal Issues

Additionally, the company is dealing with a possible indictment by the United States Department of Justice as the government body is considering filing criminal charges against Binance for violating anti-money laundering laws.

Earlier, in June of this year, authorities in the UK prohibited the Binance exchange from providing any kind of financial services.

Read More: “We’re Financially Strong” Says Binance’s CZ: Interview

According to the United Kingdom’s Financial Conduct Authority, the company in question did not have the appropriate authorization to provide regulated services anywhere within the country’s borders.

Only in November of this year, Binance began the process of applying for the appropriate regulatory permits from official authoritative bodies.

About Binance’s Bifinity

According to Binance, Bifinity is a fintech company that connects businesses, merchants and millions of users to the world of crypto and blockchain.

Read More: Binance Buys Voyager Assets Amid Heat Over Reserves

Led by Helen Hai, Bifinity’s President, the platform currently supports over 50 cryptocurrencies and all major payment methods, including VISA, Mastercard and more.

The post Just-In: Former UK Prime Minister’s Brother Jo Johnson Resigns From Binance Advisory Role appeared first on CoinGape.

Related Posts

24/7 Cryptocurrency News

Over 1 Billion XRP Released from Escrow as Price Gains Facelift

October 1, 2023
24/7 Cryptocurrency News

“This Village Beat the Bully”- Ripple CEO at XRP Proper Party

October 1, 2023
24/7 Cryptocurrency News

FTX Exploiter Moved A total of Over 10,000 ETH In Last 24 Hours

October 1, 2023
24/7 Cryptocurrency News

Just In: DOJ to Summon FTX Clients, Investors, and Employees in SBF Case

September 30, 2023
24/7 Cryptocurrency News

Breaking: Brazil Launches Blockchain-Powered National Digital ID

September 30, 2023
24/7 Cryptocurrency News

Just In: DALL-E 3 Ignites Artistry Rebirth via Bing Creator AI

September 30, 2023
Next Post
Bitcoin (BTC) Price Hits A New Monthly Low, Further 20% Decline Possible

Bitcoin (BTC) Price Hits A New Monthly Low, Further 20% Decline Possible

POPULAR NEWS

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

December 7, 2022
Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

December 7, 2022
Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

December 17, 2022
Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

December 7, 2022
Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

February 28, 2023

EDITOR'S PICK

Poloniex Lists Top Shiba Inu Ecosystem Token Bone Shibaswap (BONE)

Poloniex Lists Top Shiba Inu Ecosystem Token Bone Shibaswap (BONE)

March 9, 2023

Decentralized Social Platform Friend Tech Trumps Bitcoin and Uniswap in Total Fess

August 21, 2023
Crypto Marketplace Paxful Delists Ethereum Over ‘Honesty’ Issues, Here’s Why

Crypto Marketplace Paxful Delists Ethereum Over ‘Honesty’ Issues, Here’s Why

December 21, 2022
Just-In: Sam Bankman-Fried To Enter Plea Next Week In FTX Fraud Case

Just-In: Sam Bankman-Fried To Enter Plea Next Week In FTX Fraud Case

December 28, 2022
Bitcoin - Altcoin News

© 2022 coingger.com

Navigate Site

  • Europe
  • Exchange
  • Elon Musk
  • ETH Price
  • crypto Tax U.S.
  • CZ
  • Crypto Miners
  • BTC Price
  • ChatGPT
  • China crypto
  • Coingecko
  • Binance Smart Chain
  • Bitcoin $100K
  • Airdrop

Follow Us

No Result
View All Result
  • Homepages
    • Home Page 1

© 2022 coingger.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In