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Cryptoknowmics 2022-05-19 06:16:24

Binance is Looking to Expand Its Licencing Portfolio by Adding Germany

Binance is trying to get a cryptocurrency license in Germany after becoming a regulated digital asset service provider in France, according to CEO Changpeng Zhao, who said the cryptocurrency exchange is expanding its compliance team in the region during an event in Germany on Wednesday. Binance looks to add Germany to its license collection — Black Media Daily (@BMDaily1) May 19, 2022 After Zhao revealed in April that the exchange was trying to establish a regulated firm in a G7 country, Binance got clearance from France on May 5. After its local branch was banned from the region in March, Binance attempted to reenter the market by collaborating with a registered crypto service provider. Following criticism from European regulators, Binance suspended euro deposits via the Single Euro Payments Area (SEPA) bank transactions last June. Binance has risen to epic proportions and scale, with operations in more than 180 countries and a thirty-day clearing volume of more than $1 trillion in digital currency and derivatives. Binance said that it had received a licence in Bahrain to operate as a crypto supplier and another in Dubai to provide competent traders.The post Binance is Looking to Expand Its Licencing Portfolio by Adding Germany appeared first on Cryptoknowmics-Crypto News and Media Platform.

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