The Malta Financial Supervisory Authority has said that Binance is “not authorized” to operate within Malta.

She indicated that the platform is not subject to regulatory oversight within the country.

mentioned Statement the official :

The Financial Supervisory Authority is assessing whether Binance has any activities within Malta that may not fall within the scope of regulatory oversight.

Added:

Accepting, trading and making cryptocurrencies available to all requires an MFSA license in accordance with the Cryptocurrency Act (CAP 590) issued in 2018.

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While it is not clear if Binance currently has any office in Malta either for customer service or for compliance within the country.

It is worth noting that Ted Lane, Head of Growth at Binance, previously described Malta as the spiritual home of the company.

The response of the founder of Binance:

The CEO of Binance commented:

There is a misunderstanding and the dissemination of negative news…. There is no headquarters for the Binance platform.

mentioned in Tweet precedent:

Some believe that all companies need offices, headquarters and so on. But there is a new decentralized world now.

confirmed The Binance platform has many regulated entities around the world that we either manage directly or cooperate with our partners in managing them and we work continuously with regulators to comply with the rules and regulations in every place we operate.

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