CRYPTO NEWS AROUND THE GLOBE

BaFin announces warning on unauthorized services by SNB Capital Limited

Polymarket Threatened With Ban By Thailand Cyber Police

Bitget User on 25% asset loss and account freezing: The 'admin just remove my comment'

Malaysia mulls crypto policy after talks with UAE and Binance founder CZ

Electric Capital co-founder calls regulatory actions 'Chokepoint 2.0'

Bitcoin: Pro-Crypto Cynthia Lummis Heads New Senate Subcommittee

Trump's Future Treasury Secretary Holds $500,000 in Bitcoin ETFs

Bitcoin Difficulty Hits All-Time High, Adjusts Positively for 8th Consecutive Time

Bybit halts India service following string of suspensions in other markets

Hong Kong launches 'supervision incubator' to help banks adopt blockchains

MEP Berger: 'The FDP needs Bitcoin'

Sen. Lummis on Ex-Vice Chair of Federal Reserve: He was 'enabling Chokepoint 2.0'

3 Russians Face U.S. Money Laundering Charges Over Mixing Services: DOJ

US Senate: Pro-Bitcoin leader heads crypto subcommittee

Gemini Agrees to Pay $5M Settlement in CFTC Case

Bhutan economic hub to set up strategic crypto reserve

CFTC: Rostin Behnam announces his resignation

Bountycaster Co-Founder on loan rejection: I 'Experienced Operation Chokepoint 2.0 firsthand'

Strategic Bitcoin Reserve: Czech Central Bank does not rule out this possibility

Binance marks 21st global regulatory milestone with authorization in Brazil

Crypto and Stock Market: what not to miss for the week of January 6 to 12

French regulator authorizes crypto operations for BPCE subsidiary

Dutch Regulator AFM Awards EU MiCA License to 4 Companies

MiCA can attract more crypto investment despite overregulation concerns

MicroStrategy Buys a Further 1,070 Bitcoin

Crypto Youtuber on Chokepoint 2.0: I got 'denied from opening a bank account'

Expert accuses BlackRock of manipulating Bitcoin price

Centralization and the authoritarian threat to privacy — Web3 exec

MicroStrategy Buys Another 2,138 Bitcoin, Adding to Holdings for an 8th Straight Week

EU crypto regulation MiCA comes fully into force

All Crypto News Around The Globe

Binance CEO: 'France's proactive stance on innovation is one of the reasons we are investing heavily in the market'

Web3/Crypto

Binance CEO Richard Teng (left) and President Emmanuel Macron (right) | X/_RichardTeng, X/EmmanuelMacron

By Crypto Republique

Jun 20, 2024

Richard Teng, the CEO of crypto exchange Binance, emphasized the importance of the French government's support for innovation in fostering growth within the crypto industry. Teng shared his views during a June 17 episode of the Bankless podcast.

"France's proactive stance on innovation is one of the reasons we are investing heavily in the market," said Teng. "We believe that this support is crucial for the growth of the crypto sector."

According to Teng, President Emmanuel Macron's administration has been "very supportive" of technological innovation, creating a "favorable environment" for financial technology and blockchain firms.

Get the Newsletter

Sign-up to receive weekly round up of news from Crypto Republique

In 2022, Binance selected Paris as its European hub and announced plans to increase its headcount there from 50 to 250 employees, Euronews reported. Martin Bruncko, Binance’s Executive Vice President for Europe, said the crypto exchange had been in communication with French authorities for two years before receiving digital asset service provider (DASP) registration from the country's financial regulator.

Changpeng Zhao (CZ), co-founder and former CEO of Binance, praised France's pro-crypto policies during a conference at the Paris stock exchange’s historic building in April 2022. "France has some very pro-business, pro-crypto regulations and also just (the) government's attitude towards this industry ... has been phenomenal," CZ said at the event. He also pledged a €100 million investment in France and a €2 million contribution to a restoration project at Chateau de Versailles.

Prior to Macron's re-election in 2022, he stated that the Web3 and crypto industries represent "an opportunity not to be missed [...] for France and Europe to lead the future generations of the web," CoinTelegraph reported.

Before joining Binance in August 2021, Teng served as CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM), chief regulatory officer of the Singapore Exchange (SGX), and director of corporate finance at the Monetary Authority of Singapore, according to Binance’s website.

Crypto Comments

Loading...

No comments available.