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Binance revives plans for a UK launch after winning over the financial regulators that banned it
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Crypto exchange Binance is reviving its plan to set up a UK arm, after making efforts to win over the financial regulator that clamped down on its operations there.
It plans to file for a license from Britain's Financial Conduct Authority, and to become a registered crypto asset firm in six to 18 months, its CEO Changpeng Zhao told The Telegraph in an interview published Saturday.
Since clashing with the FCA in June, Binance has established a UK office with a number of local ex-regulatory staff and a «couple of hundred compliance people,» Zhao said, according to the Telegraph.
«We're fully re-engaged there,» Zhao said. «We're making a number of very substantial changes in organizational structures,
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