A special report by Reuters has unearthed the rot at Binance, including how top execs made fun of anti-money laundering and Know Your Customer checks, and how Zhao led the flouting of laws.
This year's iGaming NEXT Valletta 2021 themed was "Disrupting the Status Quo," bringing blockchain technology and its opportunities for the industry as the focus of the event.
Binance continues its forced march toward regulatory compliance, although new withdrawal restrictions are sparking fears that the troubled cryptocurrency exchange is bracing for a run on its bank.
The Virtual Financial Assets Agents Business Unit of the Malta Chamber of Commerce responded to allegations that there were concerns from regulators overseas about lax standards of regulation.
Startups found it difficult to secure basic banking services from the commercial sector due to a reluctance to support digital currency and blockchain businesses, Finance and Employment Minister Clyde Caruana said.
Arb Signals Limited said it is registered in Malta, but the country’s Financial Services Authority (MFSA) disputed the claim in a statement.
The Maltese financial regulator has issued two warnings against two platforms that have been offering digital currencies without the required authorization.
Albania’s parliament has approved new laws recognizing and legitimizing digital currencies. It becomes the third European nation after Malta and France.
Some 57 companies had applied for a license in Malta, but failed to secure one by virtue of not completing the process by November 2019.
Crypto Foxtrades and COINMALEX are not “licensed, registered or domiciled” in Malta, despite the firms’ claims to the contrary.
Trident Crypto Fund was reportedly hacked by unknown criminals who exposed data belonging to 266,000 users, including passwords, phone numbers and IP addresses