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.

AccessTimeIconDec 19, 2022 at 6:40 p.m. UTC
Updated Dec 20, 2022 at 2:38 p.m. UTC

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.

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.


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Camomile Shumba

Camomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.