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Binance Appoints Former FCA Regulator Steven McWhirter as Director of Regulatory Policy

2022-04-21

We are pleased to welcome Steven McWhirter, formerly from Financial Conduct Authority (FCA), as our Director of Regulatory Policy. Steven will lead our global regulatory policy team as we continue to provide users with access to world-changing innovations within a safe, secure and stable ecosystem. 

Steven joins Binance with over 20 years in financial services and regulation, both as a supervisor and policymaker. He spent over nine years with the FCA and 12 years in regulatory compliance at the Gambling Commission.

In his most recent role in FCA, Steven was in the Data, Technology and Innovation Division as the Strategy and Engagement manager. He participated in the making of FCA’s crypto guidance and also led policy working groups focusing on the UK, EU and other countries. He also supported innovation in financial services by managing the Secretariat of the Global Financial Innovation Network (GFIN), a network of over 75 regulators and observers globally. Steven’s significant experience in fostering innovation through policymaking, for both crypto and the wider financial sector, boosts the capabilities of Binance’s rapidly growing regulatory team.

Serving as Binance’s first Director of Regulatory Policy, Steven will oversee a world class regulatory policy team and ensure that Binance meets the regulatory obligations to the highest standard. Steven will also work closely with industry leaders, policymakers, and regulators globally to contribute to the development of a sustainable regulatory framework.  

“Regulation is regarded as an important and necessary component in the lifecycle of all innovative sectors,” said Steven. “My efforts will support Binance by ensuring that the regulatory global compliance is enhanced in tandem with  crypto and blockchain innovation. Leading Binance’s regulatory policy team will allow me to leverage my experience as a former conduct regulator to create a sustainable crypto ecosystem with consumer protection and market integrity at its heart.”