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Binance account seemingly split across two legal entities (France vs Abu Dhabi) — anyone dealt with this for tax reporting?

Binance

Cryptocoins Exchanges / Binance 20 Views

Hi all,

My Binance account was opened lately (after Binance France SAS received its PSAN registration). Per their Phrases, my "base" account (spot) appears to be underneath Binance France SAS.

However digging into the official Terms web page, some products — together with Simple Earn — are listed as operated by a separate entity, Nest Providers Limited / Nest Change Limited, based mostly in Abu Dhabi underneath an ADGM license, not Binance France SAS.

I used Earn briefly some time again (small amount, nothing held there now).

Query: for a "combined" account like this (spot underneath a French entity, Earn beneath a overseas one), does the foreign-entity portion still set off a foreign-account reporting obligation on its own, or does it fall underneath the primary account's jurisdiction?

Curious if anybody's run into this actual cut up before.

submitted by /u/OstrichGrouchy2963
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