RATE Group | Where in the World Is Binance? Bitcoin and Crypto Exchange Fights Malta Fear, Uncertaint…
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Where in the World Is Binance? Bitcoin and Crypto Exchange Fights Malta Fear, Uncertaint…

23 Feb Where in the World Is Binance? Bitcoin and Crypto Exchange Fights Malta Fear, Uncertaint…

Posted at 17:17h in Cryptocurrency News by

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The CEO of cryptocurrency exchange Binance is responding to the Malta Financial Services Authority (MFSA), which recently revealed that the leading cryptocurrency exchange is not licensed to operate in the country.

In addition, the agency says that Binance is not regulated by the country’s financial watchdog.

“The Malta Financial Services Authority (MFSA) reiterates that Binance is not authorized by the MFSA to operate in the cryptocurrency sphere and is therefore not subject to regulatory oversight by the MFSA.”

Binance released a post in March of 2018 stating its plans to set up shop and invest in Malta.

“​Binance, the world’s largest cryptocurrency exchange by traded value, is setting up operations in Malta. After reviewing several different locations, the company decided to invest in the European nation due to its existing pro-blockchain legislation and the stability that it offers financial technology companies through its…

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