The Chinese cryptocurrency giant Binance obtained registration from the Financial Markets Authority on Wednesday to be able to operate in France.
This registration concerns the “custody of digital assets”, their purchase and sale against legal tender currencies or even exchanges and the operation of a securities trading platform”, according to the AMF’s website, which lists the companies registered in the field. In total, the AMF now lists more than thirty companies registered in this field, which implies verification of “the integrity and competence of the managers” as well as the respect of the regulations.
This registration “as a digital asset service provider” is the group’s first in Europe, said Binance in a press release, which claims to thus become “the first major global cryptocurrency exchange to register in France”.
Binance against Coinhouse in France
Registration subjects the company’s activities “to French anti-money laundering and anti-terrorist financing regulations, and provides important regulatory protection for local users”, she argues.
Bitcoin: secure sites for trading in our exclusive comparison
Binance, which is one of the world’s two largest cryptocurrency exchanges, now intends to “significantly develop its operations in France and intends to recruit up to 250 people focused on the development of cryptocurrencies and infrastructure. blockchain“, the technology that serves as the basis for cryptoassets. Binance will now be able to compete in particular with the French company Coinhouse, which aims to become “the future European cryptobank” and which has also obtained AMF approval.
Bitcoin: where to buy it? Advice and comparison of platforms
Reproduction forbidden.