February 21, 2020 Malta regulators say Binance is not authorized to operate in the country.

In response to recent media characterizations of Binance as a “Malta-based cryptocurrency” firm, the Malta Financial Services Authority (MFSA), the country’s primary financial authority, issued a statement saying Binance is not, nor has it ever been, authorized to operate in Malta. As such, Binance it has not been subject to any regulatory oversight from the country’s government agencies. The statement appears to contradict statements from Malta’s Prime Minister, who publicly welcomed Binance after it announced it would open an office in Malta in 2018.