Quantcast

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

Crypto exchange OKX wants to go public on Wall Street
Federal Reserve removes 'reputational risk' from bank examinations in a 'win' against crypto debanking
India wants 30% of your crypto gains, but that’s not the worst part
This payment giant announces a stablecoin for 6 million merchants and 10,000 financial institutions
Bitcoin at $21 million by 2046? Michael Saylor revises his predictions upwards
JPMorgan files trademark application for JPMD, citing multiple blockchain use cases
Geopolitical tensions: Gold soars, Bitcoin hesitates
Bitcoin on the rise, towards a new ATH likely
Gemini, Coinbase expected to secure EU licenses under MiCA — Report
Justin Sun lance une Tron Treasury Company avec le soutien de la famille Trump
Negative Rates Return to Switzerland as U.S. Faces Higher Yields. What Does it Mean for Bitcoin?
300 million euros: The Blockchain Group continues to raise funds to accumulate as many Bitcoins as possible
Quintenz says CFTC will need more funding if tasked with broader crypto oversight
These cryptocurrencies are experiencing a massive price increase!
This project combining stablecoin and Bitcoin (BTC) raises $500 million in less than an hour
Hong Kong's OSL eyes Indonesia expansion with $15 million crypto exchange acquisition
FCA-registered BCP launches British pound stablecoin
Crypto: Ripple's RLUSD stablecoin will now also be used in the United Arab Emirates
Robinhood completes $200 million acquisition of crypto exchange Bitstamp
Changpeng Zhao offers a dark pool-style DEX for invisible crypto orders
End of tariffs? Judge blocks Trump's Liberation Day
The TACO trade is gaining popularity; what is it?
B2B stablecoin payments surge to $36 billion annual pace, survey finds
Russian banks debut crypto products for qualified investors
Reserve Bank of India to roll out new use cases for digital rupee
Bitcoin creator becomes richer than Bill Gates
EU revises growth downwards to 0.9% in 2025, weighed down by Donald Trump's customs duties
United Kingdom: Crypto firms will have to report all customer transactions
Ethereum on the brink of an incredible surge? This expert's bold prediction
DOJ is investigating Coinbase data breach— Report
Binance CEO: 'France's proactive stance on innovation is one of the reasons we are investing heavily in the market'
Web3/Crypto
Webp tengmacron
Binance CEO Richard Teng (left) and President Emmanuel Macron (right) | X/_RichardTeng, X/EmmanuelMacron

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
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

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.

More News

CoinFlip, a global digital currency platform, has announced the launch of a new user interface for its CoinFlip Preferred service.

Jun 30, 2025

Gum Shoe, a crypto influencer, has highlighted the long wait times and high fees at Coinbase compared to better service at Binance as evidence of the need for increased competition among U.S. crypto exchanges.

Jun 23, 2025

Changpeng "CZ" Zhao, founder of Binance, said that practical education data from his Giggle Academy learning platform will connect young learners to job opportunities instead of focusing on degrees.

Jun 23, 2025

Farid Mahmoodi, a crypto trader and whistleblower, has raised serious allegations against the cryptocurrency exchange Bitget.

May 29, 2025

The Financial Conduct Authority (FCA) has issued a warning regarding Codex Finance, which is allegedly offering financial and crypto-related services without proper authorization.

May 22, 2025

The Financial Conduct Authority (FCA) has issued a warning regarding Dragonfly Capital Fx, which is reportedly offering financial and crypto-related services without proper authorization.

May 22, 2025