Binance, the world's largest crypto exchange, seeks regulatory approval in Germany

May 18, 2022 12:50 PM ETBy: Max Gottlich, SA News Editor

Global Communication Network

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  • Cryptocurrency exchange Binance is seeking regulatory approval in Germany with hopes of securing a license in the country, CEO and Founder Changpeng Zhao said during an event on Wednesday.
  • As part of its broader efforts to accelerate its global expansion while complying with regulations, Binance is recruiting compliance personnel for its team in Germany, Changpeng said.
  • "Our team is definitely talking with regulators here," Changpeng highlighted.
  • The move comes after the world's largest crypto exchange by trading volume had gained regulatory approval to custody digital assets in France.
  • In mid-March, Binance got licensed as a digital asset service provider from the Central Bank of Bahrain.

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