May 5, 2022

Binance is licensed as a digital asset provider in France

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Binance is licensed as a digital asset provider in France

Bitcoin exchange Binance has received a digital asset provider licence from the French Financial Market Supervisory Commission (AMF), with the approval of the Prudential Control and Resolution Authority (ACPR). 

The platform has received approval to store and trade cryptocurrencies.

In September 2021, Changpeng Zhao, the company's CEO, announced a move away from the “decentralized” business model.

In November 2021, the head of Binance announced plans to become a digital asset provider in France within 6-12 months and to open a regional headquarters. At the same time, the exchange announced a €100 million joint initiative with France FinTech to support local blockchain start-ups.

Zhao also said that Binance is in talks with regulators in more than 40 countries, including the FCA.

Earlier in 2022, authorities in Bahrain, Dubai, and the Abu Dhabi Financial Free Zone had granted approval for the exchange to operate.

Binance also announced the launch of a regulated exchange in Thailand and announced the opening of a customer service centre in Turkey.

Jack Evans

About the author

I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading. I am happy to share with readers my experience with crypto exchanges, DeFi and NFT instruments. 

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