El exchange Binance was approved by the French regulator as a fully regulated digital asset service provider.
El exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. largest in the world by trading volume, Binance received the approval of France’s financial regulator, the Autorité des Marchés Financiers (AMF) to operate as a fully regulated crypto exchange.
In his blog, Binance he wrote: “We are pleased to announce that the Autorité des Marchés Financiers (AMF) granted Binance France a Digital digital technologies are these electronic tools that have the ability to generate, store or even process data. Asset Service Provider (DASP) registration with the approval of the Autorité de Contrôle Prudentiel et de Résolution (ACPR).”
He maintains that it is a great achievement “being Binance’s first DASP in Europe”.
“ Binance will significantly scale our operations in France to make cryptocurrencies and our services more accessible to everyone, said the exchange.
Binance and regulation in France
It is worth noting that the AMF regulates and protects the French financial markets and ensures financial education among investors. The ACPR is an independent authority that supervises banks and insurance companies in France. With the approval and under the supervision of AMF y ACPR this DASP record will allow you to Binance to operate fully in France.
Changpeng Zhao (CZ), founder and CEO of Binance, he said: “ Effective regulation is essential for the widespread adoption of cryptocurrencies. The French DASP and AML/CFT regulations set strict anti-money laundering and suitability requirements to meet the high standards necessary to be regulated regulation is when something is controlled by a specific set of rules. in France.” .
David Princay, CEO of Binance France, commented: “The registration of Binance France as a DASP is a key milestone for cryptocurrencies in Europe. In particular, the new levels of protection for AML anti-money-laundering laws, regulations, and procedures that aim to end the unlawful income practices. will help increase crypto adoption in France and Europe. Greater adoption will help bring better liquidity how easily a cryptocurrency can be bought and sold without impacting the overall market price. to the market, which will be welcomed by users and the community in particular.”
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