NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: SoftBank, Ark Invest Among Potential Investors In Tether's $15 Billion Funding Round
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: SoftBank, Ark Invest Among Potential Investors In Tether's $15 Billion Funding Round

Binance Was Never Even in Malta, Crypto CEO Dismisses “FUD”

Rick Delafont
Rick Delafont
5 years ago
2 mins read
binance bitcoin crypto

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Despite the popular, apparent misconception, Binance has apparently never had offices in Malta. Changpeng Zhao, the platform’s CEO and founder, says the crypto exchange operates without a fixed headquarters.

He adds that Binance is striving to become a “true decentralized autonomous organization.”

Despite What You Might Have Heard, Binance is Not a “Malta-Based Crypto Exchange”

According to a statement from the Malta Financial Services Authority (MFSA), the popular crypto asset exchange Binance has never had a licence in the jurisdiction. The agency comments on a “section of the media” describing the trading venue as a “Malta-based cryptocurrency company.”

It’s understandable why many focused on the crypto industry, NewsBTC included, came to the conclusion that Binance was based on the blockchain-friendly island of Malta. After all, the firm itself announced that it was relocating to the nation in 2018.

Later in the same year, Malta Today reported on the crypto exchange signing a memorandum of understanding relating to a charity venture between the firm and the Maltese President’s Trust. Given that Malta has previously enacted progressive, crypto startup-friendly legislation and its Prime Minister, Josep Muscat, is an avid supporter of blockchain tech, the pieces all seemed to fit.

Despite the pile of evidence to the contrary, it now appears that if Binance didn’t have business interests in Malta, they were not registered with the nation’s financial regulator. Changpeng Zhao, the crypto trading venue’s CEO, responded to the MFSA public statement earlier today, stating the firm never had formal headquarters on the island.

Zhao called the rampant misreporting a “mix of truth, FUD & misconception”, stating that the story shouldn’t even be “breaking”.

https://twitter.com/cz_binance/status/1230860647086338048

In subsequent tweets to that above, Zhao wrote that blockchain has enabled “a new world” in which headquarters are no longer needed. He adds that the company does hold licences in different parts of the world, however.

Clearly, as per today’s public notice, Malta isn’t one of them. The MFSA also says it is now investigating the company’s previous involvement in the nation.

Just Where is Binance Registered?

Zhao maintains that Binance operates in as decentralised manner as possible. He says that the company is “pushing the envelope” in becoming “a true DAO (decentralized autonomous organization)”.

Whilst these statements sound great in tweets, they aren’t exactly going to appease regulators. Just because its executives like to travel doesn’t mean it is exempt from many of the obligations of actually being a company.

According to 2017 filings, many of Binance’s trademarks are registered in George Town, Cayman Islands. Meanwhile, efforts like Binance US and other area-specific offshoots of the crypto exchange are each registered in their relevant jurisdictions. Other than that, the company genuinely doesn’t seem to have a fixed abode, meaning Zhao may be closer to his apparent vision of decentralisation that some would surely like to admit.

 

Related Reading: Bitcoin’s Flash Crash was a “Healthy Pullback” That Could Catalyze Major Momentum

Featured Image from Shutterstock.
Tweet123Share236ShareSend
Rick Delafont
Rick Delafont

Rick Delafont

Based in Europe, Rick has written about the cryptocurrency industry since 2016. He was first drawn to Bitcoin as a means of payment but quickly became fascinated by its wider potential implications. His interests lie in the political, economic, and social impact of the unfolding digital asset revolution.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin & Ethereum

Crypto Suffers Nearly $1 Billion In Liquidations As Bitcoin Extends Decline

The cryptocurrency derivatives market has been hit hard by the latest bearish continuation in Bitcoin and others as mass liquidations...

Keshav Verma 4 hours ago
Crypto news

Liquidity Wave Extends The Crypto Bull Run Into 2026, Predicts Raoul Pal

Raoul Pal believes the crypto cycle is not nearing a peak but entering a longer, more powerful expansion that can...

Jake Simmons 5 hours ago
Bitcoin

The Mobility Advantage: Why Bitcoin’s Portability Makes It Superior To Traditional Gold

Bitcoin and Gold as stores of value often boil down to a single, critical distinction in the digital era of...

Godspower Owie 6 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Solana, MATIC, Worldcoin, SUI

Solana Freefall Ahead? SOL Price Risks Drop To $150 If This Critical Support Fails

Rubmar Garcia 2 hours ago

山寨幣季熱度再升溫:從Zcash隱私敘事到PepeNode遊戲化挖礦百倍幣預期

Mark Mak 3 hours ago
Crypto

70% Decline In Corporate Crypto Treasury Buying: What’s Going On?

Ronaldo Marquez 3 hours ago

Premium Sponsors

Press Releases

  • Inwestorzy kryptowalutowi porzucają Shiba Inu dla tokena, którego cena wynosi 0,03 zł, a celem jest 12 000 zł

    Inwestorzy kryptowalutowi porzucają Shiba Inu dla tokena...

    11 hours ago
  • Táto alternatíva Shiba Inu (SHIB) v nasledujúcich týždňoch prekoná očakávania a vyskočí z $0,00000012 na $15

    Táto alternatíva Shiba Inu (SHIB) v nasledujúcich...

    13 hours ago
  • Ta alternatywa dla Shiba Inu (SHIB) może w nadchodzących tygodniach wzrosnąć z 0,03 zł do 6 000 zł

    Ta alternatywa dla Shiba Inu (SHIB) może w nadchodzących...

    14 hours ago
  • イーサリアム...

    16 hours ago
  • 重要な経済指標を前に、市場は警戒感を強める

    ビットコイン 今後...

    16 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.