RATE Group | Binance Is Not Authorized to Operate in Malta, Financial Regulator Says
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Binance Is Not Authorized to Operate in Malta, Financial Regulator Says

23 Feb Binance Is Not Authorized to Operate in Malta, Financial Regulator Says

Posted at 00:57h in Cryptocurrency News by

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The Malta Financial Services Authority (MFSA) claims that it has never approved major cryptocurrency exchange Binance to operate in the country.

On Feb. 21, the MFSA issued a public statement, stating that Binance “is not authorized by the MFSA to operate in the crypto currency sphere.” The agency outlined that recent media reports referred to Binance incorrectly as a “Malta-based cryptocurrency firm,” while the exchange “may not fall within the realm of regulatory oversight.”

While major local publications like Malta Today have been referring to Binance as a Malta-regulated crypto business, the MFSA has apparently made a similar statement before, claiming:

“Following a report in a section of the media referring to Binance as a ‘Malta-based cryptocurrency’ company, the Malta Financial Services Authority (MFSA) reiterates that Binance is not authorized by the MFSA to operate in the crypto currency sphere and is therefore not subject to regulatory oversight by the…

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