Binance CEO Changpeng Zhao gave a keynote speech at the April 2022 crypto industry event in Paris, debuting a new accelerator program for so-called “Web3” startups.
Benja Minjilet | Bloomberg | Getty Images
Binance is approved by the regulatory agency to operate a cryptocurrency exchange in France.
The company is now Listed As a registered digital asset service provider by the French stock market Watchdog AMF Bitcoin And other cryptocurrencies.
Binance is the largest crypto exchange in the world. According to the company, the company processes over $ 14 billion in spot trading volumes and nearly $ 50 billion in derivative trading volumes per day. Data from CoinGecko..
This move makes France the first major European country to give Binance a green light. The company is under the supervision of a money laundering prevention regulator in Lithuania and also seeks registration with a Swedish financial oversight agency.
Binance has no official headquarters and was once proud of this fact. However, the company is seeking reconciliation with regulatory agencies last year following backlash from authorities in many countries, including: EnglandItaly, Singapore.
Attractive attack
Binance Turn on the charm Recently in France.
The company’s founder and CEO, Changpeng Zhao, gave a keynote speech at a crypto industry event in Paris last month, debuting a new accelerator program for so-called “Web3” startups. The company also promised to invest 100 million euros ($ 105 million) in the country.
Changpeng Zhao, CEO and founder of Binance, described France as “very progressive” in the adoption of cryptocurrencies.
“In their interactions, their understanding is much better and their attitude is much better,” he told CNBC.
“They are very strict and France is a very strict regulatory agency, but they have a high degree of understanding with it.”
