Express

FMA Rejects An Application For Union Bank To Bring On ZHAO Changpeng As A Major Shareholder

Tracy CHEN

Summary: The Liechtenstein Financial Market Authority (FMA) has rejected an application for Union Bank to bring on Binance chief executive as a "major" shareholder.  The investment in Union by Binance CEO ZHAO Changpeng would have saved the bank from closure after recent financial and legal troubles, including an ongoing corruption case involving its former majority backer.  ...

The Liechtenstein Financial Market Authority (FMA) has rejected an application for Union Bank to bring on Binance chief executive as a "major" shareholder. 

The investment in Union by Binance CEO ZHAO Changpeng would have saved the bank from closure after recent financial and legal troubles, including an ongoing corruption case involving its former majority backer. 

The bank had plans to relaunch as a crypto banking platform, but is now in the process of liquidating.

Tracy Chen

Last Update:

Tags: ,,
Link: FMA Rejects An Application For Union Bank To Bring On ZHAO Changpeng As A Major Shareholder   [Copy]
Next:

Related Articles

  • The Bitcoin Halving is Complete! What’s Next? 6 days ago
  • Runes on Bitcoin: The Next Big Opportunity? 8 days ago
  • Uniswap Sued by SEC: What Does it Mean for the Future of DeFi? 14 days ago
  • The Value of Web3 Social, Explained 14 days ago
  • Initiated by Uweb and Waterdrip Capital, "Deep in Labs" announces its DePIN Demo Day 27 days ago

    • You need to login to comment.