Binance is moving to Europe after crackdowns in Japan | binance hong kong office
Binance,theworld’slargestcryptocurrencyexchangebytradedvalue,isplanningtoopenanofficeinMaltasoon—thecompany’sfounderZhaoChangpengtoldBloomberg.[1]“Weareveryconfidentwecanannounceabankingpartnershiptheresoon.Maltaisveryprogressivewhenitcomestocryptoandfintech”,Zhaosaid.“Binancewillsoonstarta“fiat-to-cryptoexchange”ontheEuropeanislandnation,andisclosetosecuringadealwithlocalbanksthatcanprovideaccesstodepositsandwithdrawals.”Zhao,however,didnotprovideatimelineforwhenthelaunchinMaltaisexactlypla...
Binance, the world’s largest cryptocurrency exchange by traded value, is planning to open an office in Malta soon — the company’s founder Zhao Changpeng told Bloomberg.[1]
“We are very confident we can announce a banking partnership there soon. Malta is very progressive when it comes to crypto and fintech”, Zhao said. “Binance will soon start a “fiat-to-crypto exchange” on the European island nation, and is close to securing a deal with local banks that can provide access to deposits and withdrawals.”
Zhao, however, did not provide a timeline for when the launch in Malta is exactly planned.
Binance has been running into a lot of legal trouble lately in Asia — in Hong Kong, China, and Japan, where it primarily operates.
Binance was one of the seven cryptocurrency exchanges that received a warning letter from the Securities and Futures Commission telling firms not to trade digital assets defined as s...