media: Binance can fake its accounts and operations in Ireland and Malta – Bits Media

The authorities of the European Union are suspected, that Binance subsidiaries in Ireland and Malta can conduct illegal activities. This was reported by the publication of Protos with reference to sources in law enforcement agencies.

In particular, Investigators are afraid, What Binance can fake your accounts and operations, and also mix income from different countries, In order not to raise questions from regulatory and tax authorities. The exchange is also suspected of laundering money and tax evasion.

These fears arose due to that, that Binance operations in Ireland and Malta are especially difficult to track, Despite the statements about, that dozens of employees work there. According to official reports, companies have no room, In addition to their registered address, which is used together with other companies.

Investigators also believe, that Binance overestimates the number of registered employees, Combining this figure freelancers. Binance has no license to exchange in Ireland or Malta. Binance subsidiaries, registered in Ireland, Apparently, Completely belong to the head of Binance Chanpan Zhao (Changpeng Zhao).

Binance claims, what works in different European countries, including in France, Ireland, Malta, Italy, Spain and Lithuania. IN 2018 year Binance announced the creation of its European headquarters in Malta. Then she changed the direction and established three more companies in Ireland, Declaring, that her European headquarters will be there.

In the end, She stopped in Paris as her headquarters in the EU, and received a license to activities as a supplier of digital assets in the country.

Recall, that the French financial regulator is conducting an investigation against the exchange with 2022 of the year. Recently the Department of Financial Services and Belgian markets (FSMA) issued an order to immediately suspend Binance services in the state. This year, Binance has stopped the activities of its subsidiaries in the UK, in Cyprus and the Netherlands.

Earlier it became known, that Paysafe Payment Solutions, which is a banking partner of Binance in Europe, will stop supporting the cryptocurrencies after 25 september.