Binance Scores First European Regulatory Approval in France

Binance, the world’s largest cryptocurrency exchange by trading volume, has been given the green light by France regulators to operate a digital asset trading platform in the country.

• According to a blog post on Wednesday (May 4, 2022), Binance became registered as a Digital Asset Service Provider (DASP) in France by the country’s stock market regulator, Autorité des marchés financiers (AMF). Additionally, the post informed that the company had secured approval from the Autorité de Contrôle Prudentiel et de Résolution (ACPR).
• The announcement also stated that the exchange obtained the registration after fulfilling stringent requirements from French regulators. As a registered DASP, Binance will offer crypto trading and custody services in France.
• Commenting on the latest development, Binance CEO Changpeng Zhao said:

“We are grateful to the AMF and ACPR, who demonstrated a commitment to innovation that made it possible for Binance to navigate the entire application process. Since day one, Binance has always put its users first, and now the crypto community can have even further confidence in Binance France as a trusted DASP registered in France.”

• Binance’s DASP registration is a first for the crypto exchange in Europe. Meanwhile, the company has received licenses in the United Arab Emirates, Bahrain, and recently in Puerto Rico.