In an exclusive interview published on Cointelegraph, Binance CEO Cheng Zhao, informally known as CZ, announced that his company opened a bank account in Malta, confirming previous rumors about a possible relocation on the "blockchain paradise".

As many were expecting, this is not a big surprise, given the regulatory pressure exchanges are facing these days in Asia, but what's interesting is that this news dismisses another rumor, one in which Binance allegedly bought a private island, establishing some sort of blockchain-based governance. CZ laughed at the idea, replying that "setting up a company is hard enough".

But, as laughable as it is, the idea of moving human societies on privately owned islands is actually pursued by some players, as I already wrote about here. No link whatsoever between Blue Frontier and Binance, though, at least for the time being.

So, the bottom line is that Binance will move to Malta, "within the year", as CZ mentioned in the cited interview.

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I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.

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