Fun

Crypto Exchange Binance Approved by French Regulator as a Fully Regulated Digital Asset Service Provider

News Feed - 2022-05-06 03:05:48

Crypto Exchange Binance Approved by French Regulator as a Fully Regulated Digital Asset Service Provider


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 all,” the exchange said. Binance Becomes a Fully Regulated Crypto Exchange in France


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


The exchange wrote: Binance is now a fully regulated digital asset service provider in France.


The French arm of Binance is now listed as a registered digital asset service provider on the AMF website. Specifically, the exchange is permitted to provide exchange and custody services for digital assets. Binance listed as a registered digital asset service provider on the AMF website. 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: “The French DASP and AML/CFT regulations put in place stringent anti-money laundering and fit and proper requirements to meet the high standards necessary to be regulated in France.” The executive emphasized: Effective regulation is essential for the mainstream adoption of cryptocurrency.


“Binance will significantly scale our operations in France to make crypto and our services more accessible to all,” the announcement notes. Tags in this story AMF, Binance, binance france, binance french expansion, binance license in France, Bitcoin, Crypto, Cryptocurrency, France, French cryptocurrency exchange


What do you think about Binance’s French expansion? Let us know in the comments section below. Kevin Helms


A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. California Governor Newsom Signs Executive Order on Crypto, Blockchain, and Web3 REGULATION | 6 hours ago Lawmakers, SEC Commissioner Slam Chair Gensler for Focusing on Crypto Enforcement REGULATION | 1 day ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleBitcoin Miners Reach the Halfway Point to the Next Block Reward Halving Next articleReport: IMF Says Central African Republic’s Bitcoin Adoption Poses Risks Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItRipple CEO: SEC Lawsuit Over XRP "Has Gone Exceedingly Well"


The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.Privacy-Centric Monero Plans for July Hard Fork, Plans Include Ring Signature, Bulletproof Upgrade Survey: Adoption in Argentina Grows, With 12 out of 100 Adults Having Invested in Crypto Iran to Increase Penalties for Unauthorized Cryptocurrency Mining Microbt Reveals Latest Bitcoin Mining Rigs — Machines Produce up to 126 TH/s With Custom 5nm Chip Design

News Feed

Crypto Derivatives Volumes Crash 36% to $393 Billion in June, a Low for 2020
Crypto Derivatives Volumes Crash 36% to $393 Billion in June, a Low for 2020Crypto derivatives trading volumes plunged 36% to $393 billion in June, the lowest they have reached in 2
Microstrategy Buys More Bitcoin, Now Holds 122,478 BTC — CEO Says Bitcoin Is Taking Gold’s Place
Microstrategy Buys More Bitcoin, Now Holds 122,478 BTC — CEO Says Bitcoin Is Taking Gold"s Place In less than two weeks after its previous bitcoin purchase, Microstrategy bought
Bitcoin, Ethereum, And Solana: Real Vision’s Raoul Pal Calls The Greatest Macro Trade Of All Time
Este artículo también está disponible en español. Co-founder and Chief Executive Officer (CEO) of Real Vision, Raoul Palhas doubled down on his bullish outlook for Bitcoi
Rachel Wolfson9 hours agoUS law protects institutions and exposes retail investors — Rep. TorresNew York Representative Ritchie Torres had an exclusive interview with Cointelegraph to discuss why retail investors are s
Why Isn’t XRP Skyrocketing? Expert Explains The Hidden Forces
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Russian Central Bank Attributes Recent Ruble Depreciation to Lower Forex Sales by Exporters
Russian Central Bank Attributes Recent Ruble Depreciation to Lower Forex Sales by Exporters The Russian central bank has attributed the ruble’s latest plunge against the U.S.
Binance executive tracked to Kenya, extradition underway
Amaka Nwaokocha4 minutes agoBinance executive tracked to Kenya, extradition underwayThe Nigerian government is now collaborating with Interpol and the Kenyan Police to bring Arjarwalla to the country to face charges leve
Bitmain Reveals New Liquid-Cooled ASIC Mining Rig With 255 TH/s of Computing Power
Bitmain Reveals New Liquid-Cooled ASIC Mining Rig With 255 TH/s of Computing Power Leading ASIC mining device manufacturer Bitmain has revealed a new bitcoin miner that’s ev
India’s SEBI recommends local regulators monitor crypto trading
Ana Paula Pereira6 hours agoIndia’s SEBI recommends local regulators monitor crypto tradingDocuments reveal SEBI’s recommendation for distributed regulatory oversight of cryptocurrencies in India.2224 Total views2 To
Estonia Issues First License to Crypto Service Provider Under New Regulation
Estonia Issues First License to Crypto Service Provider Under New Regulation Estonia’s Financial Intelligence Unit has issued its first license to a crypto service provider
Max Keiser Predicts $400,000 BTC on Alex Jones Show, Jones Compares Bitcoin to ‘Power of Fire’ From the Gods
Max Keiser Predicts $400,000 BTC on Alex Jones Show, Jones Compares Bitcoin to ‘Power of Fire’ From the Gods The moment many conspiracy-minded bitcoin enthusiasts have been w
'Pre-halving top' due soon? 5 things to know in Bitcoin this week
William Suberg1 hour ago"Pre-halving top" due soon? 5 things to know in Bitcoin this weekBitcoin has slowed down into the end of February, and BTC price predictions have broadly lost their bullish slant.880 Total views1