One of the worlds largest Crypto Exchanges Binance, appears to be teaming up with the Malta Stock Exchange (MSX), in an effort to foster an environment that enables security token trading on the elusively named “Blockchain Island.”

CFO of Binance, Wei Zhou, signed a memorandum of understanding with MSX chairman Joe Portelli proposed to launch a security token trading platform.

An interview with Bitcoin Magazine would find Joe Portelli exclaiming his utter elation in regards to the MoU with Binance.

Zhou inferred Crypto Currencies are risky and went on to say that the risk involved was not a reason to let it go by and have the opportunity taken up by others.

“Whether you like it or not, the technology is here to stay.” Said Portelli in agreeance.

Scicluna noted that the country had put together a team comprised of it’s best legal minds to create an appropriate  legislation and regulatory structure Crypto Currencies and trading.

Binance has been working with Malta’s authorities for quite some time now. The company reportedly announced in March it had plans to establish a fiat to crypto exchange in Malta. In June they said they had ambitions to set up support for fintech startups and entrepreneurs with the MSX.

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