Binance in Talks for Regulatory Approval in Germany, CEO Says

Cryptocurrency exchange Binance is in talks over regulatory approval in Germany, founder and CEO Changpeng “CZ” Zhao has said.

• Binance is recruiting compliance personnel for its team in Germany and hopes to win a license there, he said at an event in Hamburg on Wednesday.
• “Our team is definitely talking with regulators here,” he said.
• Binance recently registered as a Digital Asset Service Provider with the Autorité des Marchés Financiers (AMF) in France.
• Having already obtained approval to operate in Bahrain, Abu Dhabi and Dubai, Binance turned its attention to securing licenses in the world’s largest marketplaces.
• A license in Germany, Europe’s largest economy, could open the door to greater regulatory approval elsewhere on the continent.

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