RE: Binance Moving to Malta - Island Nation Known for Tax Evasion and Money Laundering
If crypto became illegal here? If its illegal in one country and not another then Binance could move corporate headquarters. My point is why should we trust a centralized exchange which is supposed to be regulated and trying to attract the big pocket customers when it moves to a country which has a questionable reputation in finance? I just think from a marketing and PR perspective the move is senseless.
If crypto suddenly became illegal everywhere or in the US for example then I would think it's very stupid to then trust a foreign country and centralized foreign exchange with your money. If the company goes to a specific country specifically to avoid legal consequences then I would be wondering what that company has to hide that it would do that rather than strive for compliance?