14.1 C
New York
Sunday, March 22, 2026
spot_img

Tag: Binance Markets

UK Regulator Withdraws Permission For Binance On The Company’s Request!

Crypto tamir -
The UK subsidiary of Binance, the world's largest cryptocurrency exchange, has decided to cancel its unused permissions granted by the UK Financial Conduct Authority (FCA). Binance Markets Limited (BML) has officially withdrawn its permissions for non-crypto-related activities, which means it can no longer provide regulated products and services, as stated by the FCA.

Crypto Exchange Binance Alleged To Have Made False Filings In The UK

Crypto Ben -
The Financial Times reported that Binance founder Zhao Changpeng and Dimplx formed the UK joint venture Binance Digital Limited in 2019, but relations between the partners have since soured. Dimplx said it intended to sue Binance and over disputes arising from their business dealings, but declined to provide details of its claims. Dimplx accused Binance of filing a “grossly inaccurate” annual report for one of the British entities associated with the world’s largest crypto exchange.

Interesting! The Ambitious Binance Project With EQONEX!

Crypto-Exchange tamir -
In March 2022, the Nasdaq-listed crypto exchange operator EQONEX Limited entered into a strategic partnership with the Binance Group, making it a sort of subsidiary. Under the terms of the strategic alliance, Lithuanian Bifinity UAB provided a $36 million loan and has the right to nominate key management positions and Board members. Consequently, Jonathan Farnell has been appointed CEO, Almira Cemmell Chief Corporate Affairs Officer, and Daniel Ling was appointed Chief Financial Officer (CFO).

Regulatory concerns! The UK FCA really does not like crypto giant Binance!

Crypto Payments Charlene Lensburg -
Early this week, the UK Financial Conduct Authority (FCA) said that it would be aware of the announcement made by the Eqonex Group and the Binance Group confirming that an entity called Bifinity UAB will advance a US$36 million convertible loan to Nasdaq-listed crypto exchange Eqonex. Bifinity has acquired some specific contractual rights over Eqonex Limited through this loan. The Lithuanian Bifinity is the official fiat-to-crypto payments provider for the Binance Group launched on 7 March 2022.

FinTelegram is a cyberfinance intelligence and compliance platform investigating financial crime, regulatory violations, and the rails, entities, and ecosystems that facilitate them. Combining investigative journalism, whistleblower intelligence, and forensic compliance analysis, we map risk across payments, banking, crypto, and offshore structures to support transparency, accountability, and informed action.

Contact us: [email protected]

Disclaimer: FinTelegram is an independent intelligence and compliance platform and does not provide investment, legal, or financial advice. Content published on this website, including references and links to third-party sources, is provided for informational, contextual, and educational purposes only and does not constitute a recommendation, endorsement, or solicitation. Readers must make their own independent assessment and obtain professional advice where appropriate. Past events and referenced materials are not a track record and should not be relied upon as an indicator of future results.

© Copyright - FinTelegram News powered by Cyber Intelligence Services LLC