![]() ![]() The Binance boss has pledged to invest 100 million euros in France and said that he had signed a deal to grant 2 million euros for the restoration of a room at Chateau de Versailles.Ī finance ministry official said in January that France supported the development of the cryptocurrency sector, although the AMF has not yet published its decision.Īn AMF spokesperson did not immediately reply to a request for comment on Binance's registration.Īn investigation by Reuters in January found Binance has in the past withheld information from regulators, maintained weak checks on customers and acted against its own compliance department's recommendations.īinance said in response that it is driving higher standards in the crypto industry. Zhao, who floated the idea late last year that France could become home to Binance's global headquarters, made no mention during his speech of the French presidential elections, where Macron faces far-right leader Marine Le Pen in the runoff. Binance said a cross-chain bridge linking with. Meanwhile, Bahrain's central bank has also given it a crypto-asset service provider licence. Cryptocurrency exchange Binance suspended its blockchain network Friday after hackers made off with more than 100 million worth of its BNB token. The exchange said last month it had been granted a licence to conduct some operations in Dubai, from where it plans to carry out regional business. has been phenomenal," he told a packed conference hosted in the Paris stock exchange's historic building.īinance is already the top cryptocurrency exchange in France, it said in a slide shown during Zhao's speech. ![]() "France has some very pro-business, pro-crypto regulations and also just (the) government's attitude towards this industry. ![]() On Wednesday, Zhao said that the government of French President Emmanuel Macron had a welcoming attitude toward the largely unregulated cryptocurrency sector. Others cautioned against using its services.īinance has said that it welcomes regulation and that it works closely with authorities across the world. Some said it was operating without a licence in their jurisdictions. Last year, more than a dozen national regulators, including those in Germany, Italy and Britain, issued warnings about Binance. Zhao, better known by his initials CZ, is trying to get Binance registered with French markets regulator AMF as a "digital asset service provider" (DASP). We have the best technology and lowest fees in the industry, and because of that, we have a lot of loyal and passionate users. This is an incredible company with a dedicated workforce that built a successful business in a short period of time. PARIS, April 13 (Reuters) - Binance boss Changpeng Zhao praised France for its "pro-crypto" regulations on Wednesday, as the world's biggest cryptocurrency exchange pursues plans to make Paris its European base. Changpeng Zhao, chief executive officer of Binance, exploded onto the cryptocurrency scene in 2017 with a new business model that rewarded customers with his companys own cryptocurrency, then let. In the month I’ve been CEO, I’ve learned a lot about Binance.US and our community of customers. ![]()
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