Quote from: Yaunfitda on August 27, 2021, 08:28:08 PM

Quote from: just_Alice on August 27, 2021, 08:09:09 PM

There were a lot of talks regarding Binance being banned by the FCA for not meeting anti-money-laundering requirements. I guess it's the same old news, the only new information is that recently FCA presented more reasons for not allowing for Binance to operate in the UK.

Are you saying that FCA doesn't want Binance to operate in the UK as they presented more reasons in the table that Binance can't comply? If that is the case then Binance is losing a lot of customers. And what are the requirements that Binance can't meet? They have a plan IPO similar to Coinbase so they should look good at least before moving with this idea.

The FCA said it sent two requests for information about Binance's wider global business model and its stock tokens. The information Binance sent back (when they even answered the requests) were viewed as, according to the FCA, "a refusal to supply information." This is a huge red flag to regulators and should be to consumers as well. If Binance does want to IPO, they better get on board with the regulatory regimes, because disclosures the disclosure requirements during the IPO process will be much more rigorous.