Malta’s Finance Minister supported the President’s recent decision to reject Binance’s BNB donation. The initial fund of $200,000 has grown to $39 million after BNB’s dramatic rally over the past few years.
Apparently, the exchange wished to directly dispense BNB to cancer patients, which would require access to sensitive medical information. This concern and other reputational issues caused the nation to balk at the offer.
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Malta Rejects Binance Money
Binance’s decision to donate a little over 30,000 BNB to Malta happened over six years ago, but it’s been resurfacing in headlines lately.
An initial $200,000 donation to the Malta Community Chest Fund for cancer patients has ballooned to $39 million thanks to BNB’s recent gains, but the President refused it.
The fund is not technically affiliated with the government, but the Maltese President is automatically appointed Chair of the organization….
