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Seeking Alpha 2022-05-18 16:50:56

Binance, the world's largest crypto exchange, seeks regulatory approval in Germany

Cryptocurrency exchange Binance is seeking regulatory approval in Germany with hopes of securing a license in the country, CEO and Founder Changpeng Zhao said during an event on Wednesday. As part of its broader efforts to accelerate its global expansion while complying with regulations, Binance is recruiting compliance personnel for its team in Germany, Changpeng said. "Our team is definitely talking with regulators here," Changpeng highlighted. The move comes after the world's largest crypto exchange by trading volume had gained regulatory approval to custody digital assets in France. In mid-March, Binance got licensed as a digital asset service provider from the Central Bank of Bahrain.

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