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Malta made headlines earlier this year when it suddenly became the country with the highest volume of cryptocurrency trades in the world. The boom in volume was caused by the relocation of Binance, the world’s largest exchange by volume, to the tiny nation.
Now, Binance is seeking to use Malta as the base for a new bank that will be owned entirely by cryptocurrency investors–the world’s “first decentralized, completely community-owned bank,” according a Bloomberg report.
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Binance has already secured a 5 percent stake (worth roughly $133 million) in the so-called ‘Founders ... (read more)