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Binance secures crypto license in France

Binance secures crypto license in France 16

Global crypto exchange Binance is ready to provide its crypto offerings for French crypto investors.

Binance is a global crypto exchange and right now the exchange has operations in almost every country, where it has the authority or a better ecosystem on crypto service offerings. Exchange is popularly known to provide services with high security and also focuses to provide a better user experience. Due to its better services, the exchange stands at the first rank in the whole crypto industry.

On 4 May, Binance successfully grabbed a crypto license from the regulatory body of France to provide crypto services in France. Under the regulatory approval, Binance will have the freedom to allow the crypto Investors to invest, trade, and many types of other services. 

French money market regulator Autorité des Marchés Financiers stated:

“Binance can now operate its digital asset trading platform in France, meaning it can facilitate digital asset custody, let users buy and sell crypto and help to exchange digital assets for each other.”

With this green signal, Binance strongly started the expansion of its service across Europe. 

During the speech at the 2022 Paris Blockchain Week Summit, Binance CEO Changpeng Zhao particularly mentioned the plans of the Binance exchange to be a crypto leader in Europe.

Zhao said: 

“uniquely positioned to be the leader of this industry in Europe.”

Earlier this, on 26 April, the Binance exchange launched its initiatives to help the Ukrainian Refugees through its “Refugee Crypto Card”. 

Through the Refugee Crypto Card program, Binance invited all the Ukrainian citizens to use its card to accept and send funds via cryptocurrencies and also to pay for the goods & services at local merchant shops. 

In the early week of the Russia vs Ukraine conflict, the Binance exchange announced a 10 Million dollar donation to the different government agencies of Ukraine to recover against Russian military invasions.

Read also: Cardano’ Djed stable coin test now live: Details

Binance secures crypto license in France





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