Quote from: BinhZed on June 07, 2018, 11:48:42 AM

Changning's CEO, Changpeng Zhao, in an exclusive interview with Cointelegraph on June 6, revealed that the company has set up a bank account in Malta.

Binance is currently the world's largest exchange platform with a trading volume of $ 1.47 billion, according to Coinmarketcap.

This move brings a step closer to the platform for offering deposits and withdrawals on the platform, a feature that improves transaction liquidity and facilitates new entrants. The market with the purchase of regulatory currency.

Zhao, also known as CZ, describes the new bank account as a "very important" development because the trading floor previously revealed that it had relocated its headquarters to the island. Malta is rapidly establishing it as a paradise for blockchain companies, with strong and transparent pre-coding regulations.

CZ told Cointelegraph he hoped the cryptographic deal on Binance would launch in Malta "this year," also pointing out plans to offer services in Uganda and possibly Asia.

In general, the CEO shared Binance's progress in Malta, which he said was "very good", revealing that the company was also negotiating with Malta's traditional stock market for possible cooperation in Malta. future.

CZ argues that Malta is "one of the best places" for blockchain companies - worthy of the nickname 'Blockchain Island' - and praises the "very friendly and reasonable" stance of local managers. for pre-coded domains. He noted that several dozen blockchain companies have been established on the island since late March.

However, when it comes to fantasy island paradoxes of coding, CZ has dismissed the odd science fiction rumors that Binance has been accused of buying a private island that hopes to nurture a Federal government supported by blockchain , CEO laughs respond.

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In theory, it is certainly possible, but it is not an easy step, establishing a company is already difficult enough.

Given that such thinking is "simple and ideal," however, he says he cares about people's reactions to rumors, expressing "a serious concern" for this concept. .

CZ says Binance is developing a decentralized trading platform, which is also a "high priority" project of the company.

Just last week, Binance unveiled its plan to create a $ 1 billion electronic fund to support blockchain and pre-codec companies seeking a total of twenty partners. For projects, each project must have at least $ 100 million in assets management.

they are planning to introduce fiat trading pairs it is one of the reason that BNB is at its all time high.. they have rows of different events which is the reason that investors are bullish on BNB