The Autorité des marchés financiers has just granted Binance registration as a digital asset service provider (PSAN) in France.
The company thus becomes the first major global cryptocurrency exchange to register in France.
The first PSAN registration for Binance in Europe
The Binance blockchain and cryptocurrency exchange ecosystem is proud to announce today that it has been registered as a digital asset service provider (PSAN) in France. A registration granted by the Financial Markets Authority (AMF), the institution responsible for regulating the French financial markets.
Note that this is the first PSAN registration in Europe for Binance, so ” demonstrate its commitment to being a blockchain ecosystem compliant with state laws “.
A pledge of trust for the crypto platform
This registration will allow Binance to submit its operations to French anti-money laundering and anti-terrorist financing regulations, and provide important regulatory protection for local users. The company has already announced its desire to develop its operations in France, as well as to recruit up to 250 people specialized in the development of cryptocurrencies and blockchain infrastructures in our country.
Binance Founder and CEO Changpeng Zhao explains, “ We are grateful to the AMF and ACPR who both demonstrated a commitment to innovation that got Binance through the entire application process. Since day one, Binance has always put its users first, and now the crypto community can still have full confidence in Binance France as a PSAN in France. “.
The Hong Kong-based company founded in 2017 says: “ For Binance, compliance and regulation are essential to the development and maturation of the crypto and blockchain industry “.
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See the offer
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- Very complete
- Large selection of trading tools
- Many additional services
Binance offers very elaborate and solid trading and risk management tools, as well as a multitude of services and products that can sometimes be dangerous for beginners. While we recommend this platform without hesitation, we advise avoiding certain very risky products in order to avoid somewhat bitter investment experiences. Customer service, impeccable in 2020, deteriorated in 2021, which can cause problems, especially for beginners.
Binance offers very elaborate and solid trading and risk management tools, as well as a multitude of services and products that can sometimes be dangerous for beginners. While we recommend this platform without hesitation, we advise avoiding certain very risky products in order to avoid somewhat bitter investment experiences. Customer service, impeccable in 2020, deteriorated in 2021, which can cause problems, especially for beginners.
Source : Cryptocast
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