Crypto Giant Binance Obtains First Global Regulatory Approval Operation from French

Binance, the largest cryptocurrency exchange in the world, has been approved by the French regulatory agency and operates cryptocurrency transactions legally in France.

France has become the first country that approves Binance to be legally operated in the world and has been listed as a registered digital asset service provider by AMF by the French stock market regulatory engine.

As early as November 12, 2021, Binance CEO Changpeng Zhao pinpointed France as one of the most advanced European nations with clear governing rules in the crypto ecosystem. This makes the country a natural fit for opening a regional and central headquarter.

Changpeng Zhao pointed out that France uses "very progressive" in the use of cryptocurrencies, he said that:

“In our interactions with them, they are far more advanced in their understanding, and they’re also much more progressive in their attitudes。France is a very strict regulator. But they have the advanced understandings to go with that.”

Binance has cooperated with the French financial technology industry group to invest 100 million euros, which equals $113 million to support the development of the French blockchain industry and cryptocurrency.

Image source: Shutterstock