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13 June

By Ahmed Mamdouh

Category: Cryptocurrencies

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Binance looks for a new license through Digital Jersey

Binance, the world’s largest cryptocurrency exchange in terms of daily trading volume, has signed a memorandum of understanding with Digital Jersey to set up a crypto exchange in Jersey.

Binance and Digital Jersey are looking forward to establishing a compliance base and cryptocurrency exchange on the island of Jersey. The moves come after Binance established an operational base in Malta in the first quarter of 2018, where Binance Malta would allow fiat-crypto trading later this year.

“Cooperation with Jersey will not only benefit the local economy, but also form a strong operational foundation for our expansion into the rest of Europe,” said Binance CEO Zhao Changpeng.

Digital Jersey has vowed to help Binance accelerate the process of obtaining Exchange License from the Jersey Government, as well as obtaining banking permits.

Digital Jersey, a leading provider of support services such as working spaces for tech companies, is planning to making Jersey an “internationally recognized center of digital excellence.”

Ahmed Mamdouh

Ahmed Mamdouh is the head of the English Fundamental Analysis at D1stp.com, with 9 years of experience in the financial markets. Mamdouh holds a Master’s Degree in Economics from The American University in Cairo and a Bachelor Degree in Economics from The Faculty of Economics and Political Science, Cairo University.