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Boris Johnson's Brother Quits as Binance Adviser
Binance has struggled launch operations in the U.K. and may be facing money laundering charges from the U.S.
Jo Johnson, brother of former U.K. prime minister Boris Johnson, resigned from the advisory board of crypto exchange Binance exchange last week The Telegraph reported.
Johnson had joined as an adviser at a Binance subsidiary in September, according to the report.
STORY CONTINUES BELOW
His exit comes as Binance – the world's largest crypto exchange by trading volume – continues to struggle to win regulatory approval to launch operations in the U.K., and deal with last week's Reuters report that the U.S. Department of Justice is mulling criminal charges against the exchange over money-laundering violations.
“I stepped down from the advisory board last week and have no role with it [or] any related entity,” Johnson told The Telegraph.
CoinDesk reached out to Binance for comment.
Camomile Shumba
Camomile Shumba is a CoinDesk regulatory reporter based in the UK. Previously, Shumba interned at Business Insider and Bloomberg. Camomile has featured in Harpers Bazaar, Red, the BBC, Black Ballad, Journalism.co.uk, Cryptopolitan.com and South West Londoner. Shumba studied politics, philosophy and economics as a combined degree at the University of East Anglia before doing a postgraduate degree in multimedia journalism. While she did her undergraduate degree she had an award-winning radio show on making a difference. She does not currently hold value in any digital currencies or projects.
