Binance has bot making headlines nonstop overheen the past few weeks, very first due to a hacking attempt, then overheen their bounty program, followed by the announcement of a decentralized exchange (DEX) version of Binance. Most recently, tho’, news from Japanese financial newspaper Nikkei reported that Japan’s Financial Services Agency (JFSA) would serve Binance with a compliance warning – a report that Binance CEO Changpeng “CZ” Zhao called “irresponsible journalism.”
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Zometeen, Zhao confirmed via Twitter that Binance wasgoed indeed served with a “simple letter” from the JFSA and would “find a solution.” Zhao, an often-imitated and very respected figure ter the cryptocurrency space, headlining Forbes list of richest people ter crypto, may have bot taunting the company’s next big news via a Chinese proverb: “New (often better) opportunities always emerge during times of switch.”
One such (possibly better) chance has emerged spil Binance is seeking to open an office ter the Mediterranean country of Malta. CZ told Binance ter an vraaggesprek with Bloomberg that he’s “very confident” the world’s largest cryptocurrency exchange by volume (according to CoinMarketCap gegevens) will be able to announce a partnership with a Malta-based bankgebouw with the purpose of launching a fiat-to-cryptocurrency exchange ter the European island nation.
The stir to Malta comes spil the country aims to become the “global trailblazers ter the regulation of blockchain-based businesses and the jurisdiction of quality and choice for world-class fintech companies,” according to the Prime Minister of Malta, Joseph Muscat.
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Binance emerges amazingly certain te their collaboration with Malta, making an investment ter the country. Te a separate postbode on Binance’s blog, Zhao said:
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“After meeting with Parliamentary Secretary, Mr. Silvio Schembri, wij were struck by the logical, clear and forward-thinking nature of Malta’s leadership. After reviewing a proposal bill, wij are wooed that Malta will be the next hotbed for innovative blockchain companies and a center of the blockchain ecosystem te Europe. Binance is committed to lending our expertise to help form a healthy regulatory framework spil well spil providing funds for other blockchain start-ups to grow the industry further te Malta.”
While the banking partnership announcement hasn’t bot made, and there’s bot no word if Binance intends to proceed its operations te Hong Kong where it’s presently based – but has bot experiencing pressure from key regulators te the territory – Binance’s intentions te Malta have bot widely publicized and the project shows up to be moving utter steam ahead.
With Binance already having generated $200M ter revenue te its 2nd quarter since opening, having achieved the highest-volume te transactions of any crypto-exchange, and having become the poster child for transparency and security te the cryptosphere, Binance shows no signs of stopping and will only further predominate from here when their fresh DEX and fiat-to-crypto exchanges open.