Malta, Italy Warn Traders on Unauthorized Activity of Binance Verch
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Financial regulators of Italy and Malta have warned on unauthorized activity of Binance. According to the Malta Financial Services Authority (MFSA), the exchange is not licensed nor authorized by the MFSA to conduct any business in or from Malta.

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Italian Companies and Exchange Commission (Consob) claims the affiliated with the exchange companies — the Binance Group — are not authorized to provide services and activities in Italy. A spokesperson for Binance told The Block that Consob's warning has "no direct impact on the services provided on"

Visa and Mastercard Will Continue Working With Binance Despite Pressure From Regulators

The move comes after the UK Financial Conduct Authority (FCA) banned Binance's UK subsidiary from any regulated activity without prior written approval from the regulator. In the warning, the regulator noted that Binance Markets Limited is part of the Binance Group.

Later, the Cayman Islands Monetary Authority (CIMA) followed the FCA's warning and declared that the exchange and its associated companies are not registered in the jurisdiction. Shortly after, the Monetary Authority of Singapore (MAS) said it will monitor the subsidiary of local exchange Binance Asia Services Pte.

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