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Binance to conquer UK after its success in UAE
Following the same strategy that Binance carried out in the UAE, the company is now setting to conquer UK and get regulated there. When Binance hired former UAE ADGM ( Abu Dhabi Global Market) Richard Teng, it was the first step in the hundred miles for receiving the license in UAE. The same is happening in the UK. Binance has appointed Steven McWhirter, previously a top official from the UK’s Financial Conduct Authority (FCA) as its global director of regulatory policy.
The FCA said in June 2021 that no entity in the Binance group “holds any form of U.K. authorization, registration or license to conduct regulated activity in the U.K,” adding that the exchange was “not capable of being effectively supervised.”