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Binance in Talks for Regulatory Approval in Germany, CEO Says
Changpeng Zhao says the crypto exchange is recruiting compliance personnel in the country.
Updated May 11, 2023, 5:34 p.m. Published May 18, 2022, 12:26 p.m.
Cryptocurrency exchange Binance is in talks to gain regulatory approval in Germany, founder and CEO Changpeng "CZ" Zhao 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.
Read more: German Regulator Calls for New DeFi Laws
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