While uncertainty remains for crypto regulation in the world's largest financial center, the US, 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, the Financial Times, Binance official Patrick Hillmann commented that overseas crypto regulations have turned into a mess in the last 6 months. Referring to the lawsuit filed by the American Securities and Exchange Commission SEC against the Coinbase exchange, Hillmann stated that he believes the authorities are 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 statements may indicate that the ice between Binance and the UK has melted.
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, Binance, the largest crypto trading platform by trading volume, is in trouble with the USA. In March, the Commodity Futures Trading Commission (CFTC) filed a lawsuit alleging Binance was operating illegally.
