Topic: Binance will settle in Malta and get access to FIATA!? - page 2. (Read 230 times)

According to Bloomberg, the company Binance, founded last year in Hong Kong, plans to open an office in Malta, it was stated by the founder of the platform Zhao Canpan.

According to him, Binance will soon launch a "Fiat-crypto currency exchange" in the European country. Also, representatives of the platform are close to implementing partnerships with local banks that can provide access to deposits and withdrawals. Zhao said:

"We are confident that we will soon be able to announce a banking partnership. If we're talking about cryptocurrencies and FINTECH industries, Malta is a very progressive country.”

Last year, regulators from China and the United States complicated the lives of cryptocurrency exchanges and other crypto-enterprises, as a result of which many of them, including Binance, are trying to find a permanent base in a safe territory. According to Zhao, the company had an office in Japan, she tried to get a license to work, but so far decided to move out in order to avoid unpleasant collisions with local regulators. We will remind, yesterday there was information that the Japanese Agency for financial services warned the exchange about the risks of working without a license.

Zhao noted that negotiations are also underway with the authorities in Hong Kong, but the results of these negotiations are still uncertain.

Why Malta? This country's politicians are looking for a way to make this island nation a leader in digital assets. The government held several public hearings on the regulation of virtual currencies, the sale of tokens and the functioning of crypto-exchange. There are plans to create an independent innovation body that will certify and regulate the activities of blockchain businesses.