Dimplx has accused cryptocurrency exchange Binance of deliberately misrepresenting the annual accounts of their joint venture in the UK.
According to the FT, the exchange transmitted to the FCA inaccurate data on the turnover, assets and liabilities of Binance Digital in order to underestimate the tax base.
According to the FT, the subsidiary was established in November 2019 as a “payment processing intermediary” (date of registration with the FCA is February 2020). Dimplx owns a 20% equity stake. The controlling stake is owned by Changpeng Zhao.
Dimplx allegedly announced its intention to sue the exchange due to disputes, but refused to disclose the essence of the claims.
