Again, some of our community understands this, and some don’t. But there is a new world with blockchain now. Shortly after CoinDesk reported about the Maltese government's statement, Binance founder and CEO Zhao tweeted, "There are misconceptions some people have on how the world must work a certain way, you must have offices, HQ, etc. On February 21, 2020, however, the Malta Financial Services Authority issued the following public statement: "Following a report in a section of the media referring to Binance as a “Malta-based cryptocurrency” company, the Malta Financial Services Authority (MFSA) reiterates that Binance is not authorised by the MFSA to operate in the crypto currency sphere and is therefore not subject to regulatory oversight by the MFSA." According to press reports at the time, Binance's headquarter locations as well as its licenses were unclear and Binance was not responding to requests for information. In February 2018, Binance announced that it would establish a fiat-to-cryptocurrency exchange to be headquartered in Malta, giving it a principal address in the European Union. It was warned by Hong Kong authorities against trading digital assets that might be deemed securities under Hong Kong law, and the Japanese Financial Services Agency warned the company in March 2018 against continuing to operate there without a license. īinance had a series of domiciles: Hong Kong, Japan and then Taiwan. ![]() ![]() 4.1 Bitcoin SV Feud between Zhao and Craig Wrightīinance launched its operations with the issuance of 200 million Binance Coins in July 2017, which raised about $15 million.
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