"Yo fellow crypto fam, just got a DM from a mate who's been banned from Binance and they're claiming FMA (Financial Market Authority) is involved. Does anyone know what's happening? Got any info or first-hand experiences with this?"
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"Binance FMA: What's Going Down?!"
- Thread starter drion
- Start date
GrigorySemin
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- May 5, 2006
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"yeah, i heard rumors of some issues with Binance's Austrian operations, but FMA seems to be just a regulatory crackdown. don't think this is a huge deal, binance will just adjust and move on. any updates from others?"
brotherosaka197
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- Jun 29, 2006
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Discussion: opportunities
"I've been following the situation, and from what I gathered, Binance and the FMA (Financial Markets Authority of Portugal) are ironing out some regulatory issues. Supposedly, Binance is working to address the FMA's concerns and is expected to make some changes to their operations. Still waiting for more concrete updates, though."
"Dude, I'm not surprised they got audited by the FMA. Binance has been on the FMA's radar for a while now due to some concerns about their anti-money laundering practices and the way they handle user funds. Anyone think this is gonna have a major impact on their operations?"