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Binance Secures French Regulatory Nod in European Push (2)

May 5, 2022, 8:00 AM

Binance Holdings Ltd., the world’s largest cryptocurrency exchange by trading volume, has secured regulatory approval from the French government, boosting its operational plans across the European continent.

Binance obtained a digital-asset service provider registration, the Paris-based markets authority AMF said on its website, confirming an earlier Bloomberg report. The regulatory nod will help bolster the company’s ambitions in Europe and marks the exchange’s first major approval from a G-7 member nation.

WATCH: Binance CEO Changpeng “CZ” Zhao says France’s move “opens doors for us to get more licenses in Europe and elsewhere in the world.”
Source: Bloomberg

Bank of France Governor Francois Villeroy de Galhau had previously touted Binance’s interest in setting up a base in Paris, and the firm’s co-founder and ...