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In this opportunity we bring you interesting and important news for the financial development of transactions with cryptoactives, since it relates the second Exchange in volume of operations in the world, the first country to establish norms that favor the creation of crypto-markets and the intermediation activity that is more threatened with the appearance of cryptocurrencies, here's the news:
Binance Invests in the creation of the world's first cryptobank located in Malta
As paradoxical as it may seem, the second largest Exchange in operations, according to CoinMarketCap with daily operations close to $ 925 million, you have launched the commercial strategy that had already outlined in March of this year and which consists, among other things, in establishing and officiate a FIAT money exchange to cryptocurrencies in Malta.
The paradox lies precisely in the fact that the business of financial intermediation carried out by banks is one of the most affected to generalize the use and acceptance of digital tokens as a means of payment, since financial exchanges are carried out directly among those interested, removing the banking entities from the equation.
To achieve its mission, the exchange giant has joined a group of investors that would support the creation of a decentralized bank located in Malta, said bank would have systems based on blockchain technology and would create alliances with the Neufund fundraising platform, to make sure to issue legally binding tokens. The future "Founders Bank" already has a previous valuation of $ 155 million, of which according to Blooberg, Binance would have already invested 5% jointly with other founding investors.
In order to start its activities, the bank hopes to obtain a license from the European Union government, if approved, it could become the first decentralized and community property bank in the world since token investors would literally be the owners of it, obviously with the participation of Binance and its associated investors.
The CEO of Binance, Changpeng Zhao; He did not take long to use his personal twitter account to echo the news, commenting that:
"Malta is the fusion territory where traditional finance and blockchain come together. A lot can happen in just 3 months. "
In addition to its plans to create the world's first decentralized bank, Binance also announced that it would support the "Malta Stock Exchange" program to support startups and Fintech ventures. This MSX Fintech Accelerator would be oriented to create and develop an ecosystem to nurture and support startups and ventures related to cryptocurrencies.
The project aims to become the first decentralized and community-owned bank in the world. The owners of the future bank will receive in exchange for their investment "legally binding capital tokens" through the fund-raising platform Neufund, based on blockchain.
Also Silvio Schembri, a deputy minister of the Office of the Prime Minister of Malta, has spoken on this proposal of Binance saying that the island:
"She is honored to have been chosen as the seat of the first community-owned world bank."
This new venture is framed in the approval, by the government máltes, of the three bills related to the technology of distributed general ledger (DLT), news reviewed by our Emeeseese News and comes to consolidate the bet of the island for staying at the forefront of blockchain innovation.
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