Binance Physical Address

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    Binance announced moving their physical address to Malta after experiencing difficulties operating in HongKong.

    The move comes after a warning by the Japanese government about Binance’s lack of proper registration with the regulators and another from the Securities and Futures Commission stating to the firm to desist from trading assets considered to as securities Under Hongkong law.

    Malta is a crypto-friendly country with a government whose regulations has attracted many offshore financial institutions, investors in FinTech and the likes.

    Malta is working towards positioning themselves as a benchmark Country in terms of legal regulations, of cryptos, they even formed a commission to oversee the same, showing the Maltese government enthusiasm in the value of distributed ledger technology, this is just one of the myriad of incentives that are attracting foreign capital to Malta.

    Answered on August 8, 2019.
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