Binance Exchange is backing the first-ever Decentralized Bank in Malta. It is a crypto currency that is changing the world due to is being a mainstream cryptocurrency that is idealistic. Binance is the biggest centralized exchange. In Malta, Binance is helping to launch a new decentralized bank which will be owned by digital coin investors. In fact, many blockchain startups are moving their HQs there.
Malta has passed three laws aimed at encouraging blockchain-based businesses to set up in the country in early July, 2018.
According to Bloomberg, Binance said in its statement that the bills “created a fertile environment for blockchain companies and cleared the uncertainties surrounding the market for decentralized assets.”
Thanks to Binance, Malta has been put on the map. It is one of the world’s biggest cryptocurrency exchanges. The Binance coin is ranked 17th, BNB and is worth $12.30 USD. CZ wants to be among the leaders who helped the world adopt crypto. He rationalizes that crypto adoption is implicated in an increase in freedom. Freedom of investments, transactions and money in his opinion will help people’s lives incredibly.
CJ is very bull on collaborations with places such as Malta and Taiwan. Binance also has Binance Labs, that is a blockchain technology incubator. They focus on pre-ICO projects and teams. They look for tech-savvy teams with solid products. CZ claims not to have a house or a car, but does business globally (business class and no private jets).CZ praised Malta:
“We continue to be delighted by the vibrant blockchain opportunities in Malta, and look forward to launching more partnerships in the region.”
Cryptocurrency currently has a massive impact on the way transactions are carried out every day all over the world. Binance was founded in 2017 with an initial token value of ERC20 BNB. In July of that year, it raised 15 million dollars Initial Coin Offering. It has accomplished much in a short period of time. It is among the leaders in Asian countries.
The cryptocurrency is denoted by the symbol BNB. It is based on the Ethereum blockchain and similar to Ether. Its CEO is Changpeng Zhao with co-founder & CTO Roger Wang.
Changpeng, previously founded and served as the CEO of BijieTech, a cloud-based exchange provider for exchange operators. In addition, Changpeng was also the co-founder and CTO of OKCoin. Binance was initially headquartered at Shanghai, China.