Binance rollout to set HQ in France

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Binance CEO said that they will get legal status in France to operate crypto services for the crypto users of France. 

Binance is a popular crypto exchange in the crypto market. Binance exchange is known for its pro-level crypto trading features for users and is also responsible for 70% of crypto transactions on the exchanges. A few months back, Binance CEO said that they are doing their best to make the Binance platform better and favourable to comply with the rules of global regulators. 

On 9 November, Binance CEO Changpeng Zhao shared his plan of HQ with Les Echoes. In the interview, Zhao said that Binance aimed to get legal status in France by 2022. And revealed his plan of France Headquarter 

“France will be a natural choice for a regional, and even perhaps global, head office”

It is worth noting that, Binance CEO hinted at the plan of Ireland HQ in an interview with Reuters. Probably there are huge chances that Binance exchange was also not able to figure out the perfect choice. 

And now, this initiative of the Binance exchange with France is a clear indication that ” Binance’s $116 million initiative” will go with the non-profit “French Fintech”. And the blockchain development team of Binance will do its development work in France. 

However, there are lots of scrutiny issues against the crypto operations of the Binance exchange. But still, Binance CEO Zhao said that they will always welcome regulation and also his 600 strong compliance team will easily handle these matters and bring a better ecosystem for the Binance exchange’ crypto operations under the regulatory frameworks across the global countries.

Earlier this, Binance CEO shared his point of view on the crypto users and future in the crypto industry. Zhao said that only 5% of users in the world are involved in crypto. So think about the future “where We want to be regulated. At this stage of our development, this will allow us to grow faster.

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