Changpeng Zhao, CEO of Binance, announced that they aim to obtain a license as a digital asset service provider in France within the next year.
To develop Binance’s native blockchain and cryptocurrency ecosystem A fund of 100 million euros has been dedicated France, the company one of their new addresses it could be.
Speaking to Les Echos, Changpeng Zhao said, “France may be a natural choice to establish a regional, perhaps even global, head office” explained.
In another interview with Reuters at the beginning of last month, Zhao said that he also has plans for Ireland.
Saying that they are trying to obtain the necessary permission to operate as a digital asset service provider in France, Binance CEO said that this permission “within the next 6 to 12 months” announced that they hoped to receive Binance, which regulates the country’s financial markets From Autorité des Marchés Financiers it plans to localize its activities in France if it gets permission.
worldwide 400 million people adopt crypto technology Zhao stated that they are trying to “convince” those who have not yet adopted it.
“And in order for us to gain their trust, we need to be regulated, we need to be in contact with local governments, we have to have offices where people can come and complain if there is a problem.”
Explaining that Binance has more than 3,500 employees, Zhao said that 600 of them from legal compliance studies He stated that he is responsible and 150 more people have been added to this team since the beginning of 2021.
Image: Changpeng Zhao in Istanbul (Koin Bulletin archive)
