Crypto

Binance Joins AMF Regulated Cryptocurrency Platforms in France By Investing.com

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Investing.com – Binance yesterday received approval from the French stock market regulator to operate its services in France.

Thus, yesterday the company joined the white list of exchange platforms for other cryptocurrencies regulated by the AMF in France.

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Specifically, the company is now listed as a digital asset service provider, allowing it to offer services:

  • Storage of digital assets
  • Buying/selling digital assets as legal tender
  • Exchange of digital assets for other digital assets
  • The work of the platform for trading digital assets

Thus, France becomes the first major European country to give the green light to Binance. It should be noted that in Europe the company is already under the supervision of the Lithuanian anti-money laundering authorities, and is also seeking registration with the Swedish financial supervisory authority.

As a reminder, Binance recently launched a charm offensive in France.

Notably, last month, Binance CEO Zhao gave a talk in Paris on the launch of a new acceleration program for startups working on “Web3.” The firm has also pledged to invest 100 million euros in the country.

Binance CEO, a billionaire, called France “very progressive” in cryptocurrency adoption.

“In our interactions with them, they are much more advanced in their understanding and also much more progressive in their attitude,” he told CNBC.

“France is a very strict regulator. But they have advanced agreements that go along with it,” he added.

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