Binance Wants UK to Adopt a Soft Crypto Regulation
The head of Binance’s strategic development division, Patrick Hillmann, has expressed hope that the United Kingdom would take a more liberal approach to the blockchain industry in comparison to the possible tightening of regulations by the United States.
Hillmann has noted that if the US continues to take a restrictive stance, blockchain companies will be forced to migrate to more favorable jurisdictions.
He has emphasized that while the US government has promised to provide a comfortable environment for startups and crypto investors, they have also introduced stringent rules for businesses within the blockchain industry.
Binance is willing to comply with the law, but if it is too repressive, the exchange will have to leave the US market, Hillmann said, echoing the sentiments of well-known financier Tim Draper who had previously criticized White Dolma.
