Moneybrain Ltd is regulated in the UK by the financial conduct authority, however its role as administrator of the BiPS token is an unregulated activity and the BiPS tokens are an unregulated exchange token.
It is important to note that not all of our services are treated in the same way in regard to regulation in the UK. Digital asset transactions, and the custody of digital assets are not covered by the Financial Conduct Authority (FCA) or the Financial Ombudsman Service (FOS).
Risks: being unregulated there are no methods of recourse if there is a lack of liquidity in the BiPS community and the value of the token can fluctuate. Any value stored in BiPS is at risk.
Moneybrain OÜ: Company number 14957825. Harju maakond, Tallinn, Lasnamae linnaosa, Punane tn 68-170, 13619.
Moneybrain Ltd: Company number 6322797. Block 1 G90, Alderley Park, Congleton Road, Nether Alderley, Macclesfield, SK10 4TG
BiPS Foundation: Company number 11879883 Limited by guarantee without share capital.
Moneybrain Inc: Company number 5401082. 8 The Green, Suite #12129, Dover, DE 19901