If the rumor Nikkei posted is anything to go by, the Japanese Financial Services Agency (FSA) has requested Binance, the largest exchange on the cryptocurrency market, to end its activity. The government authority claims the fintech company is illegal because it has no authority registration.
The latest reports state that Binance has chosen a new country. It is now planning to open an office in Malta and start a “fiat-to-crypto exchange” on the European island nation.
Chief Executive Officer of Binance Zhao Changpeng commented:
“We are very confident we can announce a banking partnership there soon. Malta is very progressive when it comes to crypto and fintech.”
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/regulators-to-clos ... -in-japan/
