Source: AdobeStock / Florence Piot
French financial sector regulator
AutoritÃ© des MarchÃ©s Financiers (AMF) has announced that crypto exchange needs to intensify its efforts to ensure anti-money laundering compliance if it wants the agencyâs backing for its plans to launch a regional registered office in the country’s capital. Binance
The latest development comes shortly after Changpeng Zhao, CEO of Binance, announced that Paris would be a ânatural choiceâ for the exchangeâs regional, and potentially even global headquarters, Reuters
In a November
interview with French business daily Les Echos, Zhao said that in 2022, Binance hopes to secure the status of a digital asset services provider in France. He also assured that his company was focused on strengthening its compliance-oriented capacities.
âOut of more than 3,500 Binance employees, 600 (more than 15%) are responsible for compliance and relations with various regulators, and we hired 150 [such employees] in 2021,â the CEO said.
Asked about the companyâs plans for its presence in Europe, Zhao said that his business is in the process of âestablishing registered offices at several levels: local, regional and global.â
âOur priority is to obtain local authorizations to set up crypto exchanges,â according to the executive. âAs soon as it is possible, France will be a natural choice for a regional registered office, and maybe even a global one.â
Regarding the companyâs relations with the French regulator, Zhao said the AMF has demonstrated to be âvery pro-business, but at the same time very demanding.â
Binance hoped to secure the AMF’s regulatory approval within a period of six to 12 months, according to the CEO.
Meanwhile, Spainâs regulator
National Securities Market Commission (CNMV) has reprimanded Spanish footballer and current Vissel Kobe midfielder AndrÃ©s Iniesta after the athlete promoted Binanceâs services on his Twitter and Instagram accounts, as reported by Reuters. Iniestaâs post on Instagram, where the former FC Barcelona footballer enjoys a following of more than 38m, shows him using Binanceâs website and mobile app.
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