Binance access was granted after France’s approval to operate cryptocurrency in France.
After the Dubai Region win, Binance has achieved its next big milestone. Recently Binance has been given permission approval from the France regulators to operate a cryptocurrency exchange in France.
After the permission, the company has been listed and registered as a service provider by the French stock market watchdog AMF and from now onwards Binance can offer trading and custody services rules and regulations for Bitcoin and other cryptocurrencies in the country.
Binance is the leading and the largest crypto exchange recently. With this decision, France becomes the First European county to give Binance national permission. Binance recently doesn’t have an official headquarters. However, Changpeng Zhao, Binance’s CEO said that Binance is looking forward to establishing a European base in Paris
Binance was so interested in France, that in the recently concluded Paris blockchain week Binance said they are willing to invest 100 million euros ($105 million) in France.
Furthermore, Binance’s CEO added that “France was very progressive in adopting crypto. France is a very strict regulator, But they have the advanced understanding to go with that.” So it seems a big win for Binance as now they are all set to be in the European Union. With strict regulations, it will be safer for the investors.