CZ hints that France is in the running as the new Binance global headquarters |

CZ hints that France is in the running as the new Binance global headquarters |

Crypto exchange Binance is finally expanding after opening a new office in Malta last month. But CEO Changpeng Zhao also hinted France could be the next location for its global headquarters, which may put Paris ahead of other European countries being considered as hosts.

The “where is binance located” is the question that many people have been wondering. CZ has hinted that France is in the running as the new Binance global headquarters.

CZ hints that France is in the running as the new Binance global headquarters |

CZ hints that France is in the running as the new Binance global headquarters |

According to Binance CEO Changpeng Zhao (CZ), France is a “logical candidate” for a regional or possibly global headquarters.

“France will be an obvious candidate for a regional, and even worldwide, headquarters.”

CZ discussed the difficulty of setting up physical sites with the French financial media organization Les Echos, a move driven by the worldwide regulatory clampdown on Binance, which began this summer.

Following the outcry, the platform underwent a number of significant adjustments, including the elimination of Singapore dollar trading pairs and a limit of x20 for futures leverage, to mention a few.

Binance said that adjustments to its business model were prompted by the necessity to comply with regulatory requirements in all cases.

Binance is attempting to resolve regulatory issues.

While some perceived the action as an assault on cryptocurrency by targeting the world’s largest exchange, others felt the measures were long needed.

The sub-Reddit r/Binance Lawsuit, in particular, includes the accounts of dissatisfied Binance customers who have gone so far as to label their experiences as fraudulent that they have gathered support for legal action.

Binance has always been devoted to putting its clients first, according to CZ. Any issues that arose were due to the platform’s rapid growth rather than a purposeful effort to cheat.

“Binance has developed swiftly, and although we haven’t always gotten everything right, we are always learning and growing.”

In any event, CZ said the business is bolstering its compliance team, which includes the addition of important players with the requisite compliance expertise at the board level.

What is it about France that makes it so appealing?

Binance’s decentralized nature has been a major point of contention. It does not have a physical headquarters where grievances may be addressed.

CZ said that this is something they have been working on, and that the company is considering setting up local, regional, and worldwide locations.

“This industry, however, must be controlled.” As a result, we’re establishing headquarters on many levels: local, regional, and global.”

CZ claimed the French authorities, the Autorité des marchés financiers (AMF), were “pro-business,” “clear,” but “quite demanding” in their response to Binance’s presence in the nation.

CZ said that further information will be available in the following six to twelve months after applying for PSAN (digital asset service providers) permission. And that a French site is still contingent on the PSAN application’s success.

CZ hints that France is in the running as the new Binance global headquarters |

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CZ hints that France is in the running as the new Binance global headquarters |

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