The Binance Trading Platform establishes a bank account in Malta.

[BinhZed]

Changning's CEO, Changpeng Zhao, in an exclusive interview with Cointelegraph on June 6, revealed that the company has set up a bank account in Malta.

Binance is currently the world's largest exchange platform with a trading volume of $ 1.47 billion, according to Coinmarketcap.

This move brings a step closer to the platform for offering deposits and withdrawals on the platform, a feature that improves transaction liquidity and facilitates new entrants. The market with the purchase of regulatory currency.

Zhao, also known as CZ, describes the new bank account as a "very important" development because the trading floor previously revealed that it had relocated its headquarters to the island. Malta is rapidly establishing it as a paradise for blockchain companies, with strong and transparent pre-coding regulations.

CZ told Cointelegraph he hoped the cryptographic deal on Binance would launch in Malta "this year," also pointing out plans to offer services in Uganda and possibly Asia.

In general, the CEO shared Binance's progress in Malta, which he said was "very good", revealing that the company was also negotiating with Malta's traditional stock market for possible cooperation in Malta. future.

CZ argues that Malta is "one of the best places" for blockchain companies - worthy of the nickname 'Blockchain Island' - and praises the "very friendly and reasonable" stance of local managers. for pre-coded domains. He noted that several dozen blockchain companies have been established on the island since late March.

However, when it comes to fantasy island paradoxes of coding, CZ has dismissed the odd science fiction rumors that Binance has been accused of buying a private island that hopes to nurture a Federal government supported by blockchain , CEO laughs respond.

In theory, it is certainly possible, but it is not an easy step, establishing a company is already difficult enough.

Given that such thinking is "simple and ideal," however, he says he cares about people's reactions to rumors, expressing "a serious concern" for this concept. .

CZ says Binance is developing a decentralized trading platform, which is also a "high priority" project of the company.

Just last week, Binance unveiled its plan to create a $ 1 billion electronic fund to support blockchain and pre-codec companies seeking a total of twenty partners. For projects, each project must have at least $ 100 million in assets management.

[Yudhisthir]

That was a great move by binance. This would enable them to deposit and cashout with fiat which would bring a lot of cash flowing into cryptocurrency easily. It will also make fees cheaper for traditional fiat exchangers like coinbase.

[VenturaBro]

Great news. Malta really is a very crypto friendly country and this is definitely a good move by binance.

[Nalbo]

Malta is a tax heaven of a sort and cryptocurrency exchanges moving to such places would make the industry independent and free from regulation and influence. It will add one more layer of security in the traditional flow of cash along these countries making it cheaper to clean the black money.

[LeroyBro]

Malta is a tax heaven of a sort and cryptocurrency exchanges moving to such places would make the industry independent and free from regulation and influence. It will add one more layer of security in the traditional flow of cash along these countries making it cheaper to clean the black money.

Definitely one of the most crypto friendly countries out there and this just solidifies it even more. Expecting great things from there.

[benthach]

very good

[Jonsnowstark]

This one is another good news. I hope this will bring the market up. Malta has been good to crypto so this is probably not shocking. But still, surprising that binance would make a move like this. This only proves that crypto is going beyond what people expects them.

[EugeneReigns]

Hope with this news we can expect that the Binance exchange will implement some pairs with real fiat money in USD. That would be more assuring to keep the funds in real fiat when the market goes down on correction. Although now I trust Tether it is not the real dollar anyway. And also some True USD appeared on Binance. Don't know much about it. And actually, don't want to know. Hope with implementation of real fiat pairs. True USD will be delisted.

[bartolo]

Hope with this news we can expect that the Binance exchange will implement some pairs with real fiat money in USD. That would be more assuring to keep the funds in real fiat when the market goes down on correction. Although now I trust Tether it is not the real dollar anyway. And also some True USD appeared on Binance. Don't know much about it. And actually, don't want to know. Hope with implementation of real fiat pairs. True USD will be delisted.

According to what is explained in the news, it seems quite clear that it will be like that. If Binance is going to allow its users to deposit and withdraw real money, it's because they are going to enable trading with fiat money. As for True USD, it's possible that they keep it there like any other crypto.

[Muhammad Muneeb]

Changning's CEO, Changpeng Zhao, in an exclusive interview with Cointelegraph on June 6, revealed that the company has set up a bank account in Malta.

Binance is currently the world's largest exchange platform with a trading volume of $ 1.47 billion, according to Coinmarketcap.

This move brings a step closer to the platform for offering deposits and withdrawals on the platform, a feature that improves transaction liquidity and facilitates new entrants. The market with the purchase of regulatory currency.

Zhao, also known as CZ, describes the new bank account as a "very important" development because the trading floor previously revealed that it had relocated its headquarters to the island. Malta is rapidly establishing it as a paradise for blockchain companies, with strong and transparent pre-coding regulations.

CZ told Cointelegraph he hoped the cryptographic deal on Binance would launch in Malta "this year," also pointing out plans to offer services in Uganda and possibly Asia.

In general, the CEO shared Binance's progress in Malta, which he said was "very good", revealing that the company was also negotiating with Malta's traditional stock market for possible cooperation in Malta. future.

CZ argues that Malta is "one of the best places" for blockchain companies - worthy of the nickname 'Blockchain Island' - and praises the "very friendly and reasonable" stance of local managers. for pre-coded domains. He noted that several dozen blockchain companies have been established on the island since late March.

However, when it comes to fantasy island paradoxes of coding, CZ has dismissed the odd science fiction rumors that Binance has been accused of buying a private island that hopes to nurture a Federal government supported by blockchain , CEO laughs respond.

In theory, it is certainly possible, but it is not an easy step, establishing a company is already difficult enough.

Given that such thinking is "simple and ideal," however, he says he cares about people's reactions to rumors, expressing "a serious concern" for this concept. .

CZ says Binance is developing a decentralized trading platform, which is also a "high priority" project of the company.

Just last week, Binance unveiled its plan to create a $ 1 billion electronic fund to support blockchain and pre-codec companies seeking a total of twenty partners. For projects, each project must have at least $ 100 million in assets management.

they are planning to introduce fiat trading pairs it is one of the reason that BNB is at its all time high.. they have rows of different events which is the reason that investors are bullish on BNB

[kulakvlad]

I really like binance, my favorite exchange. I am glad to have good news, I hope for the growth of BNB.

[johnabrar]

This new project by Binance is very innovative and will prove to be beneficial to the community. Malta is now one of the most crypto-friendly countries in the world.

[seo-maestro]

Good new! If fiat trading will be released soon we will see BNB on moon - it's time to buy it cheap now

[farhiamunni]

It is a great news and a great move done by Malta. I hope the decision will enable the higher flow of fiat as well as crypto. And people can easily move here to engage in crypto market.

[cryptoroi]

Well, I will tell it is a great and also a big movement by binance. It will help them in many purpose and also will make the fees cheaper.

[mrox2011]

That was a great move by binance. This would enable them to deposit and cashout with fiat which would bring a lot of cash flowing into cryptocurrency easily. It will also make fees cheaper for traditional fiat exchangers like coinbase.

Like this idea, so after allowing transaction with fiat in binance i think other exchange sites also do follow this method.
that can makes easy to invest in this market! hope all will be fine.

[oscarrsm]

Of course, dealing with real dollars is much more complicated than with cryptocurrencies from a legal point of view. Not surprisingly, the office opens in Malta, where tax benefits are very acceptable. Binance develops very quickly. I am personally not very pleased with the current director, but the work of the exchange has nothing to do with my personal antipathy to the director.

[skelethon]

I think malta is very well on its way to become one of the best crypto countries, based on the way things are going.

[qazgroup]

I think creating a bank account is in line with their strategy and plans of introducing fiat trading options for traders, i think this feature will clearly provide the edge to binance over all other exchanges.

[cryptoabc]

An awesome work indeed by Binance. This will help in dealing with fiat currency and this indirectly will have a positive effect on crypto. Lets see how much fruitful it comes out.