Operation Europe for Binance – Since its launch in 2017, the crypto-exchange Binance never stopped expanding its empire. Both in the diversification of its digital asset services and in its geographical locations. After having obtained its PSAN status in FranceBinance is now tackling its full regulation in Italy.
Binance wants to be a PSAN from all over Europe
Although Binance was significantly impacted by Terra’s Thundering Blast (LUNA) and stablecoins USTthis is not what will stop the crypto-stock market.
It must be said that the cryptocurrency exchange platform is now in its second bear market (bear market) since inception. We thus learn, in an announcement made on May 27, 2022, that Binance has succeeded in obtaining its regulatory approval with our Italian neighbours.
The regulator of the Italian markets, theOrganismo Agenti e Mediatori (OAM), has just registered the crypto exchange as digital asset service provider (PSAN) in Italy.
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Changpeng Zhao ready for other regulatory conquests
After the PSAN status already obtained in France – along with a beautiful check for 100 million euros -, the crypto-stock exchange of Changpeng “CZ” Zhao does not intend to stop on such a good path.
The leader of Binance is indeed increasing his efforts to ensure that his crypto services are accepted everywhere in the world. He obviously set his sights about Europe lately.
“(…) We thank the Ministry of Economy and Finance [italien], as well as the OAM, for their efforts to define and control the requirements necessary to operate in Italy in complete transparency. Binance has always put its users first. (…) They can be assured that our platform is among the safest and most trustworthy in the world. »
Changpeng Zhao, co-founder and CEO of Binance
In addition to France and Italy, the exchange is also looking to officially establish itself in Germany. Less than 2 weeks ago, Changpeng Zhao revealed that his crypto exchange was “on track” to obtain its PSAN license from German financial market regulators.
A world-class exchange has obtained the PSAN. Are you going to hesitate for a long time to take the crypto bandwagon? Don’t wait any longer to prepare for the future. Register on the Binance platformTHE absolute benchmark in the sector (affiliate link).