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Binance worries FCA and Beth

Binance

Cryptocoins Exchanges / Binance 249 Views

Hi I am based in England and I have holdings on Binance. This Wednesday Binance will likely get banned from trading regulated assets etc in England. I have concerns that Binance may turn rogue and lock up everything. Hoping this doesn't happen ! I am looking at each holding and wondering what the heck to do. I have Eth staked long term for the Eth 2 upgrade with a pile of Beth. Is Beth regulated ? Apparently from the FCA report Btc and Eth are unregulated and not affected directly, Beth what about Beth, what king of asset is this ? A derivative ? A separate entity ? and if I want to pull it out of binance (losing out on rewards etc) what the heck do i do with the Beth ? Dont think my ledger will hold Beth, need to work it out quick !!!! Cheers (also have a pile of Bnb that i dont know what to do with either....grr)

submitted by /u/eerin99
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