It is rumored that the real location of the Binance platform is on the island of Malta.

But according to recent revelations, cryptocurrency exchange Binance has been registered in the Cayman Islands and Seychelles, according to the registry offices in each country.

The Cayman Islands is a territory of the United Kingdom located between South and North America. The islands are a low-tax investment center and one of the world’s most prominent tourist destinations for snorkeling.

The Seychelles is also a group of islands located in the Indian Ocean and is a country belonging to the continent of Africa.

The new information was previously partially reported by the “Financial Times”, but this information has not been published.

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Yesterday’s poll showed that few in the crypto community have an idea of ​​where Binance is based.

Binance is located in

– Larry Cermack (lawmaster) February 12, 2020

The company’s documentation also creates some confusion.

Where is Binance headquarters?

In 2017, Binance Holdings Limited registered in Georgetown, Cayman Islands.

According to the intercompany document, Binance was registered in the Cayman Islands in March 2018, and Binance used the title when registering multiple trademarks for the Binance name and logo.

This may affect Binance’s operations in the European Union (EU).

The European Union has already said it will put the Cayman Islands, a British overseas territory, on a blacklist of tax havens, just two weeks after Britain withdrew from the European trade bloc.

Binance subsequently registered Binance Investments in Seychelles in 2019.

The platform has made tactical investments, such as funding Chinese media company Mars Finance in September 2019.

Binance has always struggled to settle into a location for its operations.

After its first launch in Shanghai, China, Binance CEO Changpeng Zhao decided to move to Japan to hear rumors that the Chinese government was about to crack down on cryptocurrency trading in August 2017.

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The platform moved to Japan, but the stay there was short-lived, as two weeks later the platform was subjected to a high-profile attack, after which the Japanese Financial Services Authority required the platform to obtain a license, which may carry severe restrictions.

Then she announced that her new home would be Malta, then known as the “Blockchain Island.”

Ted Lane, chief growth officer at Binance, told Source In a previous interview, that Malta is the spiritual seat, he said:

We have offices in Malta for customer services, and some people who comply there, but that’s not the headquarters, it’s a name people think of when they think of Binance.

He added:

As the owner (the nest) here, I can only confirm that they are growing more because they are increasing the space they currently have.

However, there have been allegations that the platform is a ghost, and that its financial records for 2018 contain no transactions, no deals, and no tax payments.

Update to this thread. It turns out that Binance has not actually traded in Malta for the whole of 2018. At least according to its financial statements provided. 1/

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– BugM (bugdavem) January 6, 2020

Binance operations in China:

While the leadership of Binance has been moving from one country to another, and has ended up locating its legal compliance officers in Malta, Binance is also known for its worldwide distribution.

But it also appears that it never left China.

An investigation by “The Block” revealed that it continues to set up a large number of its technical team in an office in Shanghai.

According to the report, hundreds of employees worked there until it was recently closed.

At the time, CZ replied to the article that Binance had not had an office in Shanghai for more than two years after previously saying that office and headquarters were outdated concepts like SMS and MMS.

In a decentralized world, notions such as having a corporate headquarters in one place may have become obsolete.

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