Binance Receives its First European Licence in France

The world’s largest cryptocurrency exchange, Binance, has acquired a regulatory licence in France to continue its global expansion and fight for regulatory compliance. Binance has been registered as a digital asset service provider (DASP) with France’s Autorité des marchés financiers (AMF), according to the financial market watchdog. Binance will be able to offer digital asset custody services and run a trading platform for buying and selling cryptocurrencies in France as a result of the registration. "The company (#Binance) said it would make Paris its European hub after France’s financial markets regulator formally granted #Binance the right to offer and market its services to local customers."https://t.co/6sAFdxPp75 — CZ 🔶 Binance (@cz_binance) May 4, 2022 According to Binance, this is the company’s first DASP approval from European regulators. Following the permission, Binance’s founder and CEO, Changpeng Zhao, gave a media interview on Twitter in which he stated that the company would make Paris its European base. Binance has been registered in France for the first time, and it is also seeking registration in Switzerland, Sweden, Spain, the Netherlands, Portugal, and Austria, according to Prinçay. Binance received licence from Dubai and Bahrain in March. More than a dozen national regulators, including those in Germany, Italy, and the United Kingdom, issued warnings to Binance last year. It was operating without a licenc...