Bitcoin exchange Binance has obtained a digital asset market service provider license from the French Financial Market Supervisory Authority (AMF), with the approval of the Prudential Control and Dispute Resolution Authority (ACPR).

With the intention of hiring up to 250 people focused on developing crypto and blockchain infrastructure in the country, we will now significantly expand our operations in France and make France one of our regional headquarters worldwide.https://t.co/Mjf68niK1g

— Binance (@binance) May 4, 2022

The platform has received approval for the storage and trading of cryptocurrencies.

In September 2021, CEO Changpeng Zhao announced the rejection of the “decentralized” business model.

In November 2021, the head of Binance announced that it plans to become a digital asset service provider and open a regional center in France in 6-12 months. At the same time, the exchange announced a €100 million joint venture with France FinTech to support local blockchain initiatives.

Zhao also revealed that Binance is in talks with regulators in more than 40 countries. FCA.

Recall that in 2022, approval for the operation of the exchange was given by the free financial district authorities of Bahrain, Dubai and Abu Dhabi.

Earlier, Binance announced that it has launched a regulated exchange in Thailand and that a customer service center has been opened in Turkey.