Binance’s $33M charity gift becomes Malta’s political minefield

Malta’s Finance Minister Clyde Caruana backed a government-run charity’s decision to reject a now $33 million Binance donation due to reputational concerns.

Malta’s finance minister backed a government-run charity’s decision to reject a multimillion-dollar crypto donation from Binance Charity, saying the refusal was the right call despite the funds’ ballooning value, according to the Times of Malta.

Finance Minister Clyde Caruana reportedly said Tuesday he supported the Malta Community Chest Fund’s decision to decline a 30,644 BNB (BNB) donation, worth about $200,000 in 2018 but now valued at roughly $33 million.

“You either give to charity or you don’t,” he told the Times of Malta. “Don’t dance around it.”

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