Despite the popular, apparent misconception, Binance has apparently never had offices in Malta. Changpeng Zhao, the platform’s CEO and founder, says the crypto exchange operates without a fixed headquarters.
He adds that Binance is striving to become a “true decentralized autonomous organization.”
Despite What You Might Have Heard, Binance is Not a “Malta-Based Crypto Exchange”
According to a statement from the Malta Financial Services Authority (MFSA), the popular crypto asset exchange Binance has never had a licence in the jurisdiction. The agency comments on a “section of the media” describing the trading venue as a “Malta-based cryptocurrency company.”
It’s understandable why many focused on the crypto industry, NewsBTC included, came to the conclusion that Binance was based on the blockchain-friendly island of Malta. After all, the firm itself announced that it was relocating to the nation in 2018.
Later in the same year, Malta Today reported on the crypto exchange signing a memorandum of understanding relating to a charity venture between the firm and the Maltese President’s Trust. Given that Malta has previously enacted progressive, crypto startup-friendly legislation and its Prime Minister, Josep Muscat, is an avid supporter of blockchain tech, the pieces all seemed to fit. Read More...