Cryptocurrencies
Crypto Investors Try Forming First Regulated Bank, in Malta
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Binance, one of the world’s biggest cryptocurrency exchanges by traded value, is seeking to lay the groundwork for a new bank whose owners will be digital-coin investors.
The crypto-friendly island of Malta will be home of the future Founders Bank, Binance said, adding that it has taken a 5 percent stake alongside other anchor investors at a 133 million-euro ($155 million) pre-money valuation, in emailed comments to Bloomberg.