Binance Eyes UK amid Regulatory Challenges in the US

Binance is looking to be regulated in the United Kingdom due to the regulatory challenges in the United States, the crypto exchange’s Chief Strategy Officer Patrick Hillmann revealed during the Financial Times’ Crypto and Digital Assets Summit.

Hillmann highlighted the confusion around crypto regulations in the US in the last six months. He even cited the actions of the Securities and Exchange Commission (SEC
Securities and Exchange Commission (SEC)

The Securities and Exchange Commission (SEC) is one of the most widely known independent authorities in the United States. The SEC has a wide range of responsibilities, helping police markets and curbing against abuse. This includes enforcing federal securities laws, proposing securities rules, and regulating the US’ stock and options exchanges.As one of the paramount regulatory authorities in the US, the SEC is responsible for the oversight of public companies in the aforementioned segments.Wha

The Securities and Exchange Commission (SEC) is one of the most widely known independent authorities in the United States. The SEC has a wide range of responsibilities, helping police markets and curbing against abuse. This includes enforcing federal securities laws, proposing securities rules, and regulating the US’ stock and options exchanges.As one of the paramount regulatory authorities in the US, the SEC is responsible for the oversight of public companies in the aforementioned segments.Wha
Read this Term) against rival Coinbase, which was slapped with a Wells Notice for alleged violation of securities laws. However, the regulator did not bring any formal charges against Coinbase yet.