The article states that Binance is "close to securing a deal with local banks that can provide access to deposits and withdrawals"
Chief Executive Officer Zhao Changpeng stated "“We are very confident we can announce a banking partnership there soon,” Zhao said. “Malta is very progressive when it comes to crypto and fintech.”
The article also states "Binance was among seven crypto exchanges to receive a warning letter in recent months from the city’s Securities and Futures Commission telling firms not to trade digital assets defined as securities under Hong Kong law, a person familiar with the matter said."
Binance is also planning to launch a decentralized exchange in the coming months that should shake up the crypto world. About 10 teams are working on its development, but the technology is currently too slow to replace the firm’s existing centralized exchange according to Zhao.
It seems that just like the tech, everyone in crypto must adapt to their environment and the ever changing landscape of crypto, in order to continue to be a step ahead of the crowd.
