CryptoUK makes strategic hire to boost growth as industry enters ‘crucial’ year
News & Media
  • Natalie Hall
  • 1 February, 2024

London, 2nd February, 2024: CryptoUK, the trade association for the cryptocurrency and blockchain industry in the UK, has appointed independent consultant Binu Paul to help drive the organisation’s strategic growth.

Binu is the former Head of Digital Assets at UK financial regulator the Financial Conduct Authority (FCA), a role which saw him help establish the FCA’s digital assets regulatory capability and framework.

Paul also worked for more than six years at New Zealand’s Financial Markets Authority, where he specialised in fintech and regulatory affairs. He has over a couple of decades of experience in the financial services and technology sectors and has also launched a number of fintech startups and other related initiatives.

His appointment, part of a wider strategy implementation, comes at a crucial time for the cryptocurrency industry in the UK as a general election looms. CryptoUK, which represents hundreds of members, has been urging the UK government to deliver on its promise of providing a full regulatory framework for the industry so the UK can become a global hub for the crypto industry.

Binu’s current appointment follows a strategic review he completed, to consider options for the strategic growth and direction of the organisation, with CryptoUK’s Board planning to implement his recommendations for future growth.

Binu, who has been trained at the world-renowned Wharton business school, will work closely with CryptoUK’s existing senior leadership team, Board, members and key stakeholders to enhance member value propositions, provide optimal engagement opportunities and futureproof the governance and structure of the trade association.

CryptoUK’s Director of Operations Su Carpenter said: “We are pleased to continue our work with Binu. He has a wealth of experience in our sector, both here in the UK and overseas, and brings a fresh perspective to be a driving force for positive enhancements for our members and help to push forward our mission to make the UK the ‘go to’ jurisdiction for crypto and digital asset businesses. 2024 will be a crucial year for our industry and we want to make sure we hit the ground running heading into the rest of 2024.”

Binu Paul added: “As part of my initial review, I found the CryptoUK team fantastic to work with and the prospect of continuing to help support the digital assets sector in the UK was very appealing. I look forward to having CryptoUK as a client and working closely with the team in what is going to be a terribly important and exciting year for the industry.”