Regulators Reject CZ’s Application to Become Shareholder in Troubled Bank By Cointelegraph

Regulators Reject CZ’s Application to Become Shareholder in Troubled Bank


Report: Regulators Reject CZ’s Application to Become Shareholder in Troubled Bank

Liechtenstein’s Financial Market Authority (FMA) has reportedly pulled the plug on an alleged application to bring Binance CEO Changpeng Zhao on as a major shareholder in a distressed domestic bank.

As reported by Swiss financial news outlet Inside Paradeplatz on Aug. 10, the FMA rejected the purported application and also declined to approve an extension for further expert opinion that could intercede to save the rumored deal.

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