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> "BML is a separate legal entity and does not offer any products or services via the Binance.com website," said a Binance spokesman.
by egorfine 5y ago
> "BML is a separate legal entity and does not offer any products or services via the Binance.com website," said a Binance spokesman.
- flixic 5y agoBML actually stands for Binance Markets Limited, but my first thought was Binance Money Laundering.
- SideburnsOfDoom 5y agoI recall seeing that Binance has a few dozen employees total, worldwide. This limits exactly how "separate" it can be, right?
- elliekelly 5y agoAnd, in my experience, the FCA doesn’t find this sort of pedantry too convincing. Where US regulators tend to more be deferential to each entity being separate (provided you’ve jumped through a few small governance hoops) the FCA tend focus on how the entities are actually functioning rather than what the paperwork says.