2 years ago
Eqonex (EQOS), the genitor of crypto custodian Digivault, has appointed Jonathan Farnell arsenic its caller CEO. Farnell is the erstwhile caput of cryptocurrency speech Binance's U.K. operations.
Digivault past twelvemonth became the archetypal crypto custody steadfast to triumph regulatory approval from the U.K.'s Financial Conduct Authority (FCA).
As portion of the presumption of the arrangement, Binance was fixed the close to name the CEO, main fiscal serviceman and main ineligible serviceman of Eqonex from wrong Bifinity.
Last year, Eqonex CEO Richard Byworth stepped down from the institution arsenic it held talks implicit a imaginable merger oregon takeover. Byworth was replaced by main operating serviceman Andrew Eldon connected an interim basis, Eqonex had said astatine the time.
"The FCA did not person powers to measure the fittingness and propriety of the caller beneficial owners oregon the alteration successful power earlier the transaction was completed," the bureau said. It is unclear, however, whether oregon not the FCA plans to instrumentality immoderate further action.
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Jamie Crawley is simply a CoinDesk quality newsman based successful London.
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