Home Bitcoin101 Binance ventures into Europe with regulatory approval in France

Binance ventures into Europe with regulatory approval in France

by Valhalla Team

Binance, the world’s largest cryptocurrency exchange by volume, has announced that its French subsidiary has been approved as a Digital Asset Service Provider (DASP) by the country’s financial markets and banking regulator.

The firm is now a registered digital asset service provider with the French stock market regulator AMF, allowing it to provide Bitcoin and other cryptocurrency trading and custody services.

Binance receives green light in France

The nod from the Autorité des marchés financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR), France’s regulatory bodies for financial markets, came as Binance’s first approval to operate in Europe. Meanwhile, the crypto exchange is the world’s largest exchange by volume and is the first major global crypto exchange to set up shop in France.

According to the AMF, registration requires checks to ensure that the managers and beneficial owners have a good reputation and competence and compliance with anti-money laundering and combating the financing of terrorism laws. Following the registration approval, the exchange stated that it would “significantly scale” its operations in France.

Binance is now a fully regulated digital asset service provider in France | Binance Blog https://t.co/UNVuX0QyL9 — CZ 
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