Binance appoints ex-FCA exec as regulatory director

Crypto exchange Binance has appointed ex-Financial Conduct Authority (FCA) executive Steven McWhirter as its global director of regulatory policy.

McWhirter most recently served as the FCA’s manager on data, technology and innovation division for FCA innovate. He contributed to the Kalifa Review into UK FinTech.

McWhirter spent at total of nine years at the regulator which saw him cover several different FinTech related roles.

McWhirter’s LinkedIn says he has “20 years’ broad experience in financial services and gambling regulation covering consumer protection, financial crime and market integrity.”

It add that he is “Currently focussed on innovation in global financial services, digital and technology policy, international harmonisation, collaboration and standardisation.”

The news comes as multiple cryptocurrency companies make senior hires from former regulators.

Last week, Bank of England (BoE) FinTech leader Varun Paul announced he is set to join US cryptocurrency firm Fireblocks.

Paul was previously head of the FinTech Hub at the central bank.

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