![]() ![]() Patrick Hillmann, chief communications officer at Binance, and Bill Chin, head of Binance Labs, will join the Forbes board upon the closure of the transaction, which is expected in the first quarter of this year. ![]() It will assume half of the $400 million committed by institutional investors in August, the report says. The company publishes an eponymous magazine named for its founder, Steve Forbes, and an annual list that ranks the world’s richest people.īinance’s investment makes it one of the two biggest owners in Forbes. 10).įorbes, which would list on NYSE under the ticker symbol FRBS, will use the Binance investment to speed up its digital growth, the report says. "We believe that shifting our commercial focus to other product offerings will better serve our users, and we are committed to making this transition as straightforward as possible for those affected," a Binance spokesperson said.Digital publisher Forbes is inching closer to a New York Stock Exchange listing through a merger with special purpose acquisition company (SPAC) Magnum Opus Acquisition Limited after a $200 million investment by cryptocurrency exchange Binance, according to a CoinBase report Thursday (Feb. The FCA routinely cooperates and shares information with regulators globally on a range of issues, a spokesperson said.īaFin, the German regulator, said in April that Binance risked being fined for offering stock tokens without publishing an investor prospectus.īinance users holding stock tokens can sell or hold them over the next 90 days, the exchange said, but will no longer be able to sell or close positions after October 14. Its website has offered information in Italian on products including stock tokens.īritain's Financial Conduct Authority (FCA), which last month said Binance could not carry out regulated activities, declined to comment on whether it had been in contact with other regulators. Italy's market watchdog on Thursday said Binance was not authorised to provide investment services and activities in the country. Regulators in Britain, Germany, Japan and some other countries have stepped up warnings over Binance, with the United States also reportedly investigating the exchange. Consumers risk losing all their investments on crypto-asset related services, it said. ![]() Later on Friday, Lithuania's central bank said it had warned Binance about its "unlicensed investment services". It was offering tokens for companies including Apple, Microsoft, and Tesla. ![]() It was not immediately clear whether global regulators have coordinated their moves, which have created unprecedented global pressure on a major cryptocurrency firm.īinance, the world's biggest exchange by spot trading volumes last month, offers a wide range of services to users, from cryptocurrency spot and derivatives trading to digital wallets and stock tokens. Binance Cryptocurrency Exchange Faces Criminal Complaint From Thailand SECĪ Binance spokesperson declined to comment on the SFC's move, which came a day after Italian regulators made a similar announcement.īinance does not currently have exchange operations in Hong Kong and takes its legal obligations seriously, the spokesperson added. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |