Cryptocurrency Exchange Binance is Consistently Working on A Project to launch A Decentralized Bank To Bridge The Crypto Industry With Conventional Banking. The Decentralized Bank Will Be Based In Malta And Binance will Also Raise Funds, Which will Be Be Conducted Under German Law. The Authorities in Valletta have welcomed the initiative that is expected to win support from other crypto investors as well.

"The future Founders Bank will be based in Malta, the island nation that has established itself as a crypto-friendly destination. Binance told Bloomberg it has taken a 5 percent stake at a 133 million-euro ($155 million) pre-money valuation, alongside other anchor investors.

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