“We are excited to announce that Binance France has been granted a Digital Asset Service Provider (DASP) registration by the Autorité des marchés financiers (AMF) with the approval of the Autorité de Contrôle Prudentiel et de Résolution (ACPR).”
With the new license Binance is allowed operate its digital asset trading platform in France, meaning it can facilitate digital asset custody, let users buy and sell crypto and help to exchange digital assets for each other, according to the Autorité des Marchés Financiers (AMF), a French financial market regulator.
The move marks another key milestone in Binance’s expansion across Europe — and to particularly entrench itself in France.
Binance CEO Changpeng Zhao said during the 2022 Paris Blockchain Week Summit that his firm is “uniquely positioned to be the leader of this industry in Europe” and that “Binance has 50 employees already working in France.”
According to the blog post, Binance has plans to significantly scale the operations in France to make crypto and their services more accessible to all. They also have plans to expand the team in the country to pursue further infrastructure development.
