Binance Registers With France Crypto Regulator

Cryptocurrency exchange Binance has registered with France’s market regulator, Chief Executive Officer Changpeng Zhao said in a tweet on Wednesday, advancing the company’s plan to make Paris its European base.

“It’s a real stamp of quality,” said Binance France’s General Manager David Prinçay, referring to the registration with the regulator, AMF.

“The perception is changing. It allows us … to move to a new phase, which is educating (the French public) to the blockchain.”

Blockchain is a shared record of information maintained and updated by a computer network rather than a central authority. Major cryptocurrencies such as bitcoin rely on the technology.

Prinçay said Binance France was now seeking a formal licence from the French markets regulator to open a regional headquarters in France. Binance claimed it was the country’s top cryptocurrency exchange even before the registration.

France is the first European Union country to register Binance, which is also seeking registration in Switzerland, Sweden, Spain, Netherlands, Portugal and Austria, Prinçay said.

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