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.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.