
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....