It is now official, the Autorité des Marchés Financiers (AMF) has finally recognized Binance as a digital asset service provider (PSAN). This status allows him to solicit the French in complete legality.
Successful seduction operation for Binance
Binance CEO Changpeng Zhao, also known by the acronym CZ, quickly welcomed the news on Twitter by posting a screenshot of his registration number. On BFMTV, David Princay, general manager of Binance France was also delighted with this PSAN recognition. ” This is the result of a lot of work done between our teams and the AMF. There is an opportunity for Europe to become a blockchain leader. (…) The recording strengthens us in the fact of making France a special place. PSAN registration reassures users, allows them to enter a secure environment and framework in Europe and around the world” did he declare.
Elon Musk already plans to put Twitter back on the market within 3 years
— CZ 🔶 Binance (@cz_binance) May 4, 2022
It must be said that the platform, yet the leader in cryptocurrency trading, had to be patient. She filed an official request in December 2020, to obtain her precious sesame 18 months later. It is now the 37th recognized digital asset service provider in France, alongside Coinhouse (recognized in March 2020) and Bitpanda (December 2020).
In addition, France becomes the first major European nation to recognize Binance. ” It is important that France is the first country in Europe where we are regulated,” adds David Princay. In addition, the CEO of the platform had met at the end of the year Cédric O, then Secretary of State for the Digital Transition. He had unveiled a project construction of a research and development center in Paris, as well as an incubator. Investment amount: 100 million euros. The seduction operation seems to have borne fruit.
Now, Binance will be able to focus on marketing and canvassing operations, even if the main objective is to educate, ” people need to know what they are doing “.