British Regulator Expresses Concern over Binance and Bifinity
Financial Conduct Authority provides detailed review of Binance's Bifinity deal and expresses numerous concerns
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Financial Conduct Authority provides detailed review of Binance's Bifinity deal and expresses numerous concerns
/PRNewswire/ -- EQONEX Limited (NASDAQ: EQOS) ("EQONEX" or the "Company"), a digital assets financial services company, today announced that it has entered...
SINGAPORE, March 7, 2022 /PRNewswire/ -- EQONEX Limited (NASDAQ: EQOS) ('EQONEX' or the 'Company'), a digital assets financial services company, t...
<p><span>The FCA is aware of recent statements made by Eqonex Limited and the Binance Group confirming that an entity called Bifinity will advance a US$36 million convertible loan to EQONEX.</span></p>
The FCA said a $36 million loan granted Bifinity “specific contractual rights” over Eqonex, likely implying the partnership may allow a Binance Group company to conduct regulated crypto activities in the United Kingdom.