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One of the fastest growing crypto exchanges over the past year, Binance, announced on its official blog its intention to move operations to the European island of Malta. This decision comes after the difficulties experienced to operate under the conditions imposed by the Japanese government. A few weeks ago the Asian newspaper Nikkei reported that the Financial Services Agency of Japan (FSA) said Binance was operating in Japan with no registration and judged that investors could suffer damage. In turn, this led many investors panicked, and this immediately led to a bearish trend in bitcoin prices.
All over the world, authorities have moved from urging caution to active regulation against cryptocurrencies. China is leading the world in taking the most extreme regulatory route.