- The Cayman Islands Monetary Authority is on a long list of regulators who disagree with Binance.
- Island’s financial services regulator says that Binance is not authorized to do business in the jurisdiction.
The Cayman Islands Monetary Authority (CIMA) said that Binance is not authorized to operate as a crypto exchange within the Cayman Islands. In fact, Binance Group and Binance Holdings Limited are not registered, licensed, regulated, and the investigation of Binance, Binance Group or Binance Holdings Limited is within the scope of the Authority’s regulatory oversight. The Cayman Islands’ top financial services regulator noted.
“Binance.com does not run a cryptocurrency exchange outside of the Cayman Islands,” said a Binance spokesperson. “However, we do have entities incorporated under the laws of the Cayman Islands. Carry out activities permitted by law and not related to the operation of commercial cryptocurrency exchange activities, “he added.
In the last two weeks, some international regulators have asked if …
This article was first published on coinquora.com
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