RE: Binance Moving to Malta - Island Nation Known for Tax Evasion and Money Laundering
I addressed this exact same topic in my most recent post.
This welcoming of money laundering and corruption in my opinion is very bad marketing at the very least and dangerous at the worst. Why would Binance make such a damning move during a time when the Petro (state backed token) is being launched and crypto ads are being banned on Twitter?
If anything the push should be toward increasing legitimacy for crypto exchanges not for this. Money laundering is what is keeping institutional investment out. It could be single handedly the cause of the current crash because if all the institutional capital pulled out then it would explain at least some of the drop. The fact that the SEC doesn't want to approve certain things due to the unregulated nature, the fact that the IRS is embracing ambiguity, Binance doing that only adds more fuel to the fire.