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Malta attracts Binance, more companies to follow suit?
Mar 28, 2018
 

Malta attracts Binance, more companies to follow suit?

Binance, the world’s largest cryptocurrency exchange, has relocated its headquarters to Malta. In addition to moving its resources, Binance has decided to employ more than 200 full-time employees to fully establish the company in the region. Other regions such as South Korea have started to discuss the possibility of legalizing domestic initial coin offerings (ICOs). Kakao, the country’s largest internet conglomerate and runs the country’s largest app with 90 percent market share of the messaging, payment, social media, online stock brokerage, and taxi service markets, had made plans to move its blockchain venture outside of South Korea. Malta’s aggressive welcome for cryptocurrency businesses and exchanges will likely influence other regions, like Japan and South Korea, to continue providing sound regulations to businesses to ensure their markets can grow exponentially, without regulatory conflicts. Source: CCN (https://www.ccn.com/malta-wants-to-become-the-blockchain-island-with-worlds-largest-cryptocurrency-exchange/)

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