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 specific contractual rights over Eqonex.

The post U.K’s FCA Threatens to Cancel License for Binance’s Newly Launched Service Bifinity appeared first on CoinGape.

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

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