Jonathan Farnell, who was previously Binance's UK chief and later became the CEO of its subsidiary Bifinity, has resigned from the company. This is the latest in a series of executive departures from Binance. Farnell played a key role in Binance's efforts to become regulated in the UK, but the company has faced mounting regulatory pressure and recently stopped accepting new customers in the UK due to a crackdown by the Financial Conduct Authority. It is unclear who will succeed Farnell in the UK, but Ilir Laro has been appointed as a director of the UK entity.