Cryptocurrencies, Binance conquers France. Italy’s next step?

Cryptocurrencies, Binance conquers France. Italy's next step?

Paris has cleared the largest exchange platform for Bitcoin and digital assets; the company is already investing in opening a European hub. CEO Changpeng Zhao in Rome next week 05 May 2022 Patrizia Licata Journalist

France has given the green light to Binance: the largest cryptocurrency exchange market is now registered as a digital asset service provider (Dasp) by the financial market regulator AMF thanks to the green light of the Autorité de contrôle prudentiel et de résolution (Acpr ). France is the first EU market to approve the cryptocurrency exchange founded by Changpeng Zhao, aka CZ. Now Binance, officially on the list of operators certified by the Autorité des marchés financiers, will be able to offer services for the purchase, sale, exchange and custody of digital assets such as Bitcoin. Index of topics • Conquering Europe • Aligned on compliance • The CEO of Binance in Rome Conquering Europe The opening of France is an important signal for Binance, which has struggled to persuade global regulators, but has gained approval to operate in Bahrain, Abu Dhabi and Dubai in the past two months. It has also opened offices in the UK but does not have the go-ahead from the Financial Conduct Authority for now. Meanwhile, Binance is focusing on France, where it has invested 100 million euros, including a partnership with the Parisian startup incubator Station F. Paris will in all likelihood become its European hub and its first physical headquarters: Binance has always followed a philosophy “Decentralized” and does not have a central office. Binance has 5,000 employees worldwide, including 50 in Paris; now it plans to hire up to 250 people in the French capital. Aligned on compliance Binance has taken a number of measures to ensure compliance, including the expansion of the international team that deals with regulatory compliance, the company's media note read. Binance also points out that it has stepped up its actions to combat fraud and ransomware. "Regulation is essential to lead to mass market adoption of cryptocurrencies. The French rules on Dash and Aml / Cft guarantee strong protections against money laundering and the highest security standards, ”said Binance founder and CEO Changpeng Zhao, said CZ. According to David Princay, CEO of Binance France, the opening in France is "a milestone in the development of cryptocurrencies in Europe '' and the rules ``will increase adoption in France and Europe ''. “Greater adoption will give more liquidity to the market and this is a positive effect for users,” continued Princay. The CEO of Binance in Rome The company also announced that next week the CEO CZ, the Sino-Canadian entrepreneur who founded Binance in 2017, will be in Rome for the "CZ meets Italy" event presented by Blockchain Week Rome 2022. He will talk about "the future of finance and money ". Binance allows trading in over 600 different types of cryptocurrencies; in the last 24 hours, as stated on the website, it has managed a trading volume of 76 billion US dollars; 90 million registered users.