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18.03 - 13:11
FCA raises concerns over Binance tie-up with UK-regulated business
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The "partnership will initially focus on leveraging Digivault [owned by Eqonex] as an FCA regulated custodian".The FCA has put out a statement saying that it did not have the powers to assess the fitness and propriety of the new Digivault beneficial owners, or the change in control, before the transaction was completed.But the regulator again stressed its misgivings about Binance. Currently, only one part of the Binance group - Binance Markets Limited - is regulated by the FCA.
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