October 3, 2022
Chicago 12, Melborne City, USA
Crypto

Crypto Exchange Binance Approved by French Regulator as a Fully Regulated Digital Asset Service Provider – Regulation Bitcoin News

[ad_1]

The cryptocurrency exchange Binance has received regulatory approval from the French financial regulator to operate as a registered digital asset service provider. “Binance will significantly scale our operations in France to make crypto and our services more accessible to everyone,” the exchange said.

Binance became a fully regulated crypto exchange in France

Crypto Exchange Binance announced Wednesday that it has received approval from the French financial regulator, Autorité des marchés financiers (AMF), to operate as a registered digital asset service provider (DASP).

Exchange wrote:

Binance is now a fully regulated digital resource service provider in France.

Binance’s French hand is now listed on the AMF website as a registered digital resource service provider. In particular, exchanges are allowed to provide exchange and custody services for digital assets.

Binance is listed on the AMF website as a registered digital resource service provider. Source: AMF

Binance explained that this is its first DASP in Europe. “As the first major global crypto exchange to register in France, we will be able to bring cryptocurrency services and education to millions,” the exchange added.

Binance CEO Changpeng Zhao (CZ) noted: “French DASP and AML / CFT regulations have been enacted to meet the high standards required for strict anti-money laundering and regulation of appropriate and appropriate requirements in France.” The executive stressed:

Effective control is essential for the mainstreaming of cryptocurrencies.

“Binance will significantly scale our operations in France to make crypto and our services more accessible to all,” the statement said.

What do you think about the French expansion of Binance? Let us know in the comments section below.

Kevin Helms

Kevin, a student of Austrian economics, discovered bitcoin in 2011 and has been a missionary ever since. His interests intersect between bitcoin security, open source systems, network influence, and economics and cryptography.

Image credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or offer request to buy or sell, or a recommendation or approval of any product, service or organization. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The Company or the author is not directly or indirectly responsible for any loss or damage caused by the use or reliance on any content, product or service referred to in this article.



[ad_2]

Source link

Leave feedback about this

  • Quality
  • Price
  • Service

PROS

+
Add Field

CONS

+
Add Field
Choose Image
Choose Video
X