The Cayman Islands Monetary Authority (CIMA) has said that despite media reports of Binance being incorporated in the territory, it is not licensed by the regulator to operate a crypto exchange business from or within the Islands.
In an announcement published on Friday, the CIMA said it is informing the public that none of Binance, the Binance Group or Binance Holdings Limited is under its regulatory oversight to run a crypto exchange business from or within the British overseas territory.
“The Authority is currently investigating whether Binance, the Binance Group, Binance Holdings Limited or any other company affiliated with this group of companies has any activities operating in or from within the Cayman Islands which may fall within the scope of the Authority’s regulatory oversight,” the CIMA said in the notice but did not make any accusation of potential wrongdoings.
“Binance.com has always operated in a decentralized manner. Binance.com does not run a cryptocurrency exchange

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