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Financial Regulator Says Binance Is Not Authorized To Operate In Malta

Ramsey Baker

Summary: According to the Malta Financial Services Authority (MFSA), major cryptocurrency exchange Binance was never approved to operate in the country. On Friday, the MFSA issued a public statement, which stated that Binance “is not authorized by the MFSA to operate in the crypto currency sphere.” In recent media reports Binance was being wrongly referred to as ...

According to the Malta Financial Services Authority (MFSA), major cryptocurrency exchange Binance was never approved to operate in the country.

On Friday, the MFSA issued a public statement, which stated that Binance “is not authorized by the MFSA to operate in the crypto currency sphere.” In recent media reports Binance was being wrongly referred to as a “Malta-based cryptocurrency firm,” while the exchange “may not fall within the realm of regulatory oversight.”

By Ramsey Baker

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