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France approves Binance to operate digital asset trading services

French financial regulators afforded Binance, one of the world’s largest crypto exchanges, a digital asset service provider license on Wednesday.  Binance can now operate its digital asset trading platform in France, meaning it can facilitate digital asset custody, let users buy and sell crypto and help to exchange digital assets for each other, according to the Autorité des Marchés Financiers (AMF), a French financial market regulator.  The move adds another step in Binance’s expansion across Europe — and to particularly …

Macron discusses EU regulation, web3, French start-ups and innovation: report

French crypto website The Big Whale published an interview on Friday with President Emmanuel Macron, just two days before the conclusion of the second round of the French election that pits him against rival Marine Le Pen. The interview was published in French along with an English translation. Macron described to the interviewers a hopeful regulatory future in which a unified European finance sector would take a pragmatic approach that would instill confidence yet encourage innovation. “France will pay close …

Can France emerge as Europe’s blockchain hub?

Quick Take France’s blockchain startups are gathering steam but face an uncertain European regulatory environment and competition with the UK.  With speeches from Binance’s Changpeng Zhao and France’s sovereign wealth fund, last week’s Paris Blockchain Week aimed to add weight to France as a European crypto hub. This feature story is available to subscribers of The Block News Plus. You can continue reading this News Plus feature on The Block.

Binance poaches French financial regulator’s deputy general counsel

Binance has hired Stéphanie Cabossioras from France’s Autorité des Marchés Financiers (AMF) in the latest example of a crypto exchange poaching staff from a financial regulator.  Cabossioras was the AMF’s deputy general counsel until March, according to her LinkedIn profile. She is listed as a speaker for Binance at the Paris Blockchain Week Summit on Wednesday, addressing the topic of “leveraging blockchain to prevent crime.” A Binance employee at the exchange’s conference stand confirmed to The Block that Cabossioras is …

Binance announces 100 million euro investment in France

Binance has announced a 100 million euro ($108 million) investment in France and a partnership with Paris-based startup incubator Station F as the crypto exchange giant expands its footprint in Europe.  “France is uniquely positioned to be the leader of this industry in Europe,” Binance CEO Changpeng Zhao said from the stage at the Paris Blockchain Week Summit on Wednesday, adding that the company already has a team of about 50 people in the country.   As part of the deal, …