The fiduciary trade through crypto can be done through the cryptobolsa Binance. All this would be through a separate company that is based in Malta. In addition, it was established that Binance opened an office in Malta at the end of March despite a Japanese warning. The beginning of these transactions is expected to be with the Euro-Bitcoin pair according to a Binance spokesperson.
A fiduciary trade to crypts will be allowed according to the plans that were announced by the Binance cryptobolse. This plan would be implemented this year through a cryptobolse that is separate but based in Malta. Binance, is the second largest cryptobolsa worldwide with a volume of 1.5 billion dollars in single exchanges. The news reached cointelegraph through a representative of Binance who confirmed everything this Monday June 11.
Binance, according to the Bloomberg media, would be quick to start customers converting token into fiat currencies. On the other hand, the representative of Binance clarified that they are only a stock exchange between only crypts. The only way for digital currencies to pass to fiduciary money will be through this company in Malta. The beginning of these operations is expected to be with the euro-Bitcoin pair, according to the representative.
The Binance company based in Malta would have been warned as an unregistered state
The reopening of an office located in Malta by Binance was running for the month of March. All this, after the financial authorities of Japan sent him a letter with an unregistered status. The bank account in Malta has already opened last week. According to the CEO of Binance, Changpeng Zhao. This under an exclusive interview that the businessman gave to the Cointelegraph chain.
Instead, Bloomberg communicated with Zhao who ensured the opening of a cryptobolsa in Jersey, on Channel Islands. The signature would have been executed this Monday with the authorities of Jersey in the presence of about 100 people. The cryptocurrency fund that was established earlier this month by Binance reaches one billion dollars.
Hello, we have noticed that you are spamming links, please do not do this as the community doesn't welcome it. If you have a website to share consider writing an official post about it rather than spamming it in comments.