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Binance co-founder: UK is ‘most stressful’ country for crypto regulation

He Yi blames miscommunication for the FCA's public warning about Binance in 2021

He Yi puts the firm’s regulatory woes down to it being a young company, with not enough staff with compliance backgrounds
He Yi puts the firm’s regulatory woes down to it being a young company, with not enough staff with compliance backgrounds

The co-founder of Binance says Britain is the “most stressful” country from the perspective of crypto regulation, as the exchange continues trying to persuade the Financial Conduct Authority to let it carry out regulated activities in the UK.

He Yi, who co founded the firm alongside chief executive Changpeng ‘CZ’ Zhao, told Financial News that the exchange had made “communicating mistakes” when applying for a licence to operate in Britain.

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