Twitter always seems to be up in arms when it comes to cryptocurrencies. This week, someone explained how Binance is now licensed to operate in Malta.
While that is indeed a fact, it simply doesn’t matter.
Binance is not based in the country, thus obtaining an authorization in the country isn’t of great importance.
As was to be expected, Binance CEO Changpeng Zhao was quick to respond to any allegations.
He confirms how the company isn’t based in Malta, nor will they open offices there.
This is despite Zhao confirming there were plans to open a Maltese office several years ago.
For the time being, the company will keep its headquarters in Japan, where crypto regulation is more favorable.
Why the Malta Financial Services Authority decided to openly target Binance, remains somewhat unclear.
This misinformation was spreading like wildfire on social media in quick succession.
Now that things are finally calming down again, it seems most people have already forgotten about this “incident”.
Malta has proven to be an interesting location for crypto firms globally.
However, all companies need to acquire the proper authorization prior to offering any services or products.
To this date, several dozen companies have expressed their intention to gain approval in this country.
Core Foundation has just announced a new partnership with Z Protocol, and it’s already getting…
Binance Wallet is quietly stepping into one of crypto’s fastest-growing sectors, prediction markets. According to…
As concerns around quantum computing and crypto security continue to build, Changpeng Zhao is stepping…
Bitmine Immersion Technologies, led by Tom Lee, is continuing to build aggressively on its Ethereum…
Something interesting just played out within the Ethereum space, and it didn’t take long before…
It’s becoming more obvious by the day that Ethereum is not slowing down anytime soon,…