Post
Topic
Board Economics
Re: Binance - from Asia to Europe?
by
metenjean
on 02/04/2018, 09:29:56 UTC
It's quite surprising that instead of complying, Binance just chose to move borders which would be a lot of hassle to do so for a business that big. Japan is already a crypto-friendly nation yet Binance chose to walk away and seek refuge to a foreign country. Anyways, details about their services, primarily the currency they'll deal with and servicing country is still unknown at this point in time as their management haven't released a single statement about the changes the company might undertake upon moving. Usually if it moves to a new country, a lot of features would be revamped, alongside the ToS and other legal things that the exchange is catering/dealing with. So as of now, it's safe to say that it would somehow favor the Westerners in the move to Malta.
Yes this might be a bad move for binance publication since it was more like cryptocurrencies exchanger avoid cooperation with government regarding law and regulation for cryptocurrencies. Malta was considered a safe haven country just like British virgin island and if binance thinking about reducing cost and tax then Malta is a best choice for maintenance and sustain.