Major cryptocurrency exchange Binance has announced that it will be opening an office in Malta in the wake of yesterday’s news that Japanese regulators had issued a warning to the exchange, Bloomberg reports today, March 23.
Hong Kong-based Binance, which is the number one exchange by 24 hour volume listed on CoinMarketCap, will work with local Malta banks for deposits and withdrawals for a “fiat-to-crypto” exchange.
Binance CEO Changpeng Zhao, known in the crypto community as “CZ”, told Bloomberg that he had been invited to Malta by the government in order to look at an upcoming bill “favorable” to crypto businesses: