Liechtenstein's Regulator Declines Binance Applications As Major Shareholder In Bank
Liechtenstein’s Regulator Declines Binance Applications As Major Shareholder In Bank
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Liechtenstein FMA denies the Binance application as a major shareholder in Union Bank AG.
Binance CEO, CZ, also locked out from a seat on the Board of Directors.
The distressed bank now looks at full liquidation.
Reports from a Swiss news outlet, Inside Paradeplatz, stated that the Liechtenstein Financial Market Authority, FMA, had rejected the Binance exchangeapplication to take over…
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