Binance Bolsters European Compliance Team with Hire of Jonathan Farnell
Today, we are glad to announce the hire of Jonathan Farnell who joins the organisation as Director of Compliance to help develop its regulatory products landscape, including regulated e-money and cryptoasset services.
Farnell joins Binance from eToro where he served as Director of Compliance at eToro Money UK and board member and Head of Compliance at eToroX. He has a strong background in financial services, co-founding Arro Money, a UK-based EMI which was acquired by the eToro Group in 2019. His significant experience in e-money and crypto regulation and focus on building exciting new products for users will enhance the capabilities of the rapidly growing compliance team at Binance.
Jonathan Farnell, Director of Compliance commented: “In putting users first, Binance has a culture that fosters innovation and promotes the creation of game-changing products. My efforts will focus on helping Binance develop these and driving further regulatory compliance in Europe and the development of regulated products.”
“My role will also focus on ongoing collaborative relationships with regulators and partners, as well as keeping up with the changing requirements in the constantly evolving cryptocurrency ecosystem. The crypto industry is fast-paced and faces unique challenges and I look forward to helping Binance grow in the next stage of its journey.”
Samuel Lim, Chief Compliance Officer at Binance added: “Jonathan is a very accomplished compliance professional who brings vital expertise in the development of regulated products that will be an enormous asset to Binance. We are committed to meeting our compliance obligations everywhere we operate and bringing Jonathan on board is a significant step forwards in developing our team.”
Jonathan Farnell Biography
Jonathan has worked in financial services for over 20 years and specialises in e-money, payments and crypto regulation. He was a co-founder of Arro Money, a UK-based EMI which was acquired by the eToro Group in 2019. Whilst at eToro, Jonathan held a number of senior positions including Director of Compliance at eToro Money, where he advised the Group on the development of e-money services in the UK, EU and SEA. He was also a Board Member and Head of Operations at eToroX, the Group’s Gibraltar-based DLT crypto exchange and custody wallet provider.