U.K’s FCA Threatens to Cancel License for Binance’s Newly Launched Service Bifinity

U.K’s FCA Threatens to Cancel License for Binance’s Newly Launched Service Bifinity

Binance’s launch of fiat-to-crypto payments provider Bifinity on Monday, March 7, has met with immediate resistance from U.K’s top regulatory body – Financial Conduct Authority (FCA). With Monday’s launch, Binance confirmed that its newly launched Bifinity service will advance a $36 million convertible loan to Eqonex. This gives Bifinity some…
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Source: CoinGape
Posted: 18 minutes ago