France's stock market regulator, the Autorité des marchés financiers (AMF), has listed Binance France SAS as a registered digital asset service provider, allowing it to offer crypto-related trading and custody services. Hence, France became the first European nation to legalize the cryptocurrency exchange on a state level.
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Supervised by Lithuania's anti-money laundering regulators, Binance is reportedly also trying to register in Switzerland. In November 2021, Binance CEO, Changpeng Zhao, said that the exchange was considering France as a "natural choice" for its global headquarter.
Zhao also complained about UK's aggressive approach towards the exchange, saying that the UK's Financial Conduct Authority's warning had been "very damaging" to the exchange.
Last year, Binance drew scrutiny from regulators around the world after the UK's Financial Conduct Authority said the exchange offers its services without a license. Other watchdogs of Hong Kong, Poland, Malta, Italy, Cayman Islands, and Singapore also issued warnings against the exchange and affiliated companies over its business.
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