It is important that Binance finds an area from where it can reliably operate. It has grown in volumes to become one of the 2 largest crypto exchanges in the world. If it has to constantly change its base location, that doesn't reflect too favourably on the cryptocurrency space.
If the government in Malta is supportive, then the Company could focus on things which matter more, like security. The misuse of APIs last month created a scare.
Topic: [2018-03-23]Regulators to Close Binance in Japan. Binance Moving to EU - page 2. (Read 299 times)
March 24, 2018, 08:01:51 AM
March 24, 2018, 07:55:03 AM
From the word “rumors” seems to be suspicious when binance CEO itself are not giving out such details or affirm of such regulatory compliance from Japanese Government. It can be a case of bad news spreading again to lower the prices on crypto coin under Binance. This is a matter of fact my concern than any truthfulness of this issue.
If this is really true,the Binance CEO would try to hide or at least deny this information for a while,in order to avoid major cryptocurrency price crash and panic across the Binance traders.This is just rumors,but if it`s true,I don`t think that this is bad news at all.Small countries ,like Malta can be more crypto friendly and open to new innovations.
March 24, 2018, 07:47:18 AM
From the word “rumors” seems to be suspicious when binance CEO itself are not giving out such details or affirm of such regulatory compliance from Japanese Government. It can be a case of bad news spreading again to lower the prices on crypto coin under Binance. This is a matter of fact my concern than any truthfulness of this issue.
March 24, 2018, 07:32:16 AM
Regulators to Close Binance in Japan. Binance Moving to EU
If the rumor Nikkei posted is anything to go by, the Japanese Financial Services Agency (FSA) has requested Binance, the largest exchange on the cryptocurrency market, to end its activity. The government authority claims the fintech company is illegal because it has no authority registration.....
If the rumor Nikkei posted is anything to go by, the Japanese Financial Services Agency (FSA) has requested Binance, the largest exchange on the cryptocurrency market, to end its activity. The government authority claims the fintech company is illegal because it has no authority registration.....
The news are very contradictory. Binance CEO Zhao Changpeng said he didn’t received warnings from FSA. And Japan with Malta are quite far from each other, it's completely different regions and these events are hardly related.
,,Nikkei showed irresponsible journalism. We are in constructive dialogs with Japan FSA, and have not received any mandates. It does not make sense for JFSA to tell a newspaper before telling us, while we have an active dialog going on with them.,, - @cz_binance
March 23, 2018, 01:25:45 PM
That's a tough news to hear for Chinese and Japanese investors. I'm just a bit concerned on the procedures for the traders from those countries, once Binance moves it's servers and headquarters to Malta. Would investors be cautioned by the Government to not trade on the exchange as it would now be a foreign hosted exchange? The only reason I'm a bit confused on this matter is because China has imposed certain restrictions recently on traders to trade on foreign exchanges along with the ICO's ban. I'm sure Binance will find a good number of investors in the European region.
Also, I'm hoping that with their move, now they can focus more on the Decentralized exchange platform that they had announced earlier (https://www.ccn.com/crypto-trading-giant-binance-to-launch-decentralized-exchange-and-public-blockchain/) with less pressure from Governing bodies.
Here's also the post on twitter from Changpeng Zhao (CZ) about Japan FSA sending them a letter warning them to comply with the licensing of their operations? - https://twitter.com/cz_binance/status/976997061156519937
Also, I'm hoping that with their move, now they can focus more on the Decentralized exchange platform that they had announced earlier (https://www.ccn.com/crypto-trading-giant-binance-to-launch-decentralized-exchange-and-public-blockchain/) with less pressure from Governing bodies.
Here's also the post on twitter from Changpeng Zhao (CZ) about Japan FSA sending them a letter warning them to comply with the licensing of their operations? - https://twitter.com/cz_binance/status/976997061156519937
March 23, 2018, 01:10:30 PM
Regulators to Close Binance in Japan. Binance Moving to EU
If the rumor Nikkei posted is anything to go by, the Japanese Financial Services Agency (FSA) has requested Binance, the largest exchange on the cryptocurrency market, to end its activity. The government authority claims the fintech company is illegal because it has no authority registration.
The latest reports state that Binance has chosen a new country. It is now planning to open an office in Malta and start a “fiat-to-crypto exchange” on the European island nation.
Chief Executive Officer of Binance Zhao Changpeng commented:
“We are very confident we can announce a banking partnership there soon. Malta is very progressive when it comes to crypto and fintech.”
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/regulators-to-close-binance-in-japan/
If the rumor Nikkei posted is anything to go by, the Japanese Financial Services Agency (FSA) has requested Binance, the largest exchange on the cryptocurrency market, to end its activity. The government authority claims the fintech company is illegal because it has no authority registration.
The latest reports state that Binance has chosen a new country. It is now planning to open an office in Malta and start a “fiat-to-crypto exchange” on the European island nation.
Chief Executive Officer of Binance Zhao Changpeng commented:
“We are very confident we can announce a banking partnership there soon. Malta is very progressive when it comes to crypto and fintech.”
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/regulators-to-close-binance-in-japan/
Jump to: