Binance May Soon Open a Branch in a G-7 Country in Europe

Binance founder and CEO Changpeng Zhao said Tuesday at the Financial Times Crypto and Digital Assets Summit that the world’s largest crypto exchange may soon launch a regulated firm in a G-7 country in Europe. Binance may set up shop in G-7 country in Europe, says founder CZhttps://t.co/2gjw7BwSAD #Crypto #CryptoNews #CryptocurrencyNews — TheBitcoinScoop (@TheBitcoinScoop) April 27, 2022 Binance, according to Zhao, already has a proper corporate structure, which is required when applying for licences, as well as a holding company that will be revealed soon. Binance has just obtained licences in Dubai, Bahrain, and Abu Dhabi due to a massive compliance push. Binance.US, Binance’s American subsidiary that operates in 45 states and seven territories, said last week that it had been granted a licence in Puerto Rico. Former British regulator Steven McWhirter was hired as a director of regulatory policy as part of the crypto exchange’s latest compliance efforts. Binance Announced Collaboration This week Binance announced that it is collaborating with several organisations, including Contis, a European banking-as-a-service platform, and Rotary and Palianytsia, to provide refugees affected by the Ukrainian conflict with a way to send and receive funds and make purchases within the European Economic Area (EEA).The post Binance May Soon Open a Branch in a G-7 Country in Europe first appeared on Cryptoknowmics-Crypto News and Media Platf...