It’s disappointing to learn that some partners are taking unilateral action to stop servicing Binance users based on what appears to be an inaccurate understanding of events. (thread)
In one such instance, a partner referred its users to an FCA notice that was addressed to Binance Markets Limited (BML).
The company stated that it was taking this action to keep people’s money “safe”.
The company stated that it was taking this action to keep people’s money “safe”.
We have always taken the security of our users’ money very seriously. In fact, the FCA notice was not about user deposits on Binance.com at all.
The FCA notice relates to BML, which is a company incorporated in the UK and regulated by the FCA.
BML is a separate legal entity and does not offer any products or services via binance.com.
BML is a separate legal entity and does not offer any products or services via binance.com.
If our partners have any concerns, we would welcome a dialogue to discuss.
For questions related to BML, please contact compliance@binance.uk.
For questions related to BML, please contact compliance@binance.uk.
We take our compliance obligations very seriously, and we are committed to working collaboratively with regulators to shape policies that protect consumers, encourage innovation, and advance the industry.
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