Quantcast
Telegram : Pavel Durov is officially expressing himself for the first time since his custody
BlackRock’s tokenisation push kicked off an $8.9bn frenzy that experts say is accelerating
Ripple USD Stablecoin Could Be Issued in 'Weeks, Not Months': Garlinghouse
Mastercard enables non-custodial crypto spending in new partnership
Wife of ex-federal agent imprisoned in Nigeria: 'he is now reaching the point of no return'
Nvidia Loses $270 Billion In One Day: A Record Drop Shakes The Global Tech Market.
Telegram would own several hundred million dollars in cryptocurrencies
Bitcoin Posts Negligible Bounce, but Extreme Fear Suggests Larger Rebound in Store
WazirX Hacker Starts to Move Stolen Ether Using Tornado Cash
Elon Musk’s xAI Colossus goes online — and it really is colossal
Bitfarms mines 233 BTC in August as Riot pens open letter in takeover saga
Surfin' Bitcoin 2024 : Everything you missed at the biggest Bitcoin conference in France
Russia Is About to Try Using Crypto to Get Around Sanctions
Bitcoin as legal tender? Mixed results for Nayib Bukele, the president of El Salvador
France’s Telegram blunder means Europe will hunt for Satoshi next
Bitcoin Slips Back to $58K in Continued Desultory Action, but Next Week Could Offer Upside Excitement
Sony lance officiellement le testnet public de Soneium, son propre layer 2 basé sur Ethereum
France Charges Telegram's Pavel Durov, Sets Bail at €5 Million – Bitcoin News
Bitcoin Mining Is So Rough a Miner Adopted Michael Saylor's Successful BTC Strategy
From Richard Teng, Binance CEO: Tigran’s Deteriorating Condition After 6 Months of Unjust Detention
UK’s crypto dreams stall as registrations with financial regulator remain low
Concerns grow over Binance executive’s health during detention in Nigeria
Vitalik attacks DeFi and millions come out of’Ethereum
Telegram CEO's arrest tied to cybercrime investigation of unauthorized 'cryptology' services, say French authorities
‘My Living Nightmare’: Detained Binance Exec’s Wife Begs for His Immediate Release
Bitcoin, Binance, Ethereum, Solana, and Ripple: The Biggest Crypto News of the Past Week
Crypto: Ethereum ETFs are experiencing a record series of outflows!
Salvador: 80,000 civil servants trained in Bitcoin – A visionary initiative or a risky bet ?
The Fed is ready to cut interest rates — what that means for crypto
Binance Launches Mobile Money Feature for Crypto Transactions in Africa – Exchanges Bitcoin News

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

BBVA announced it is expanding its cryptocurrency custody and trading services to include USD Coin (USDC). This addition will benefit the bank’s institutional and individual account holders in Switzerland.

Sep 16, 2024

Alpha Architect announced Larry Swedroe's insights on the impact of spreading volatility in private investments. The research shows that private equity's infrequent valuations can smooth returns, leading to underestimated risks and over-allocation.

Sep 14, 2024

The European Crypto Initiative (EUCI), a blockchain advocacy group, said that the MiCA Regulation aims to create a harmonized regulatory framework for crypto-assets. EUCI shared their statement on a September 6th post on X.

Sep 13, 2024

The European Crypto Initiative (EUCI), a European blockchain advocacy group, stated that the Markets in Crypto-Assets (MiCA) regulations are poised to bring significant changes to the crypto world within the European Union. EUCI shared their statement on September 4 via a post on X.

Sep 6, 2024

Dimitrios Psarrakis, a former EU economist, stated that U.S. lawmakers are attempting to align with the EU's crypto regulations as established by the Markets in Crypto-Assets legislation. Psarrakis shared his statement in an August 26 video posted by the European Crypto Initiative on X.

Sep 5, 2024

Kaiko, a Paris-based crypto market data provider, reported that the stablecoin FDUSD saw a "notable" increase in its market share on Binance, the largest crypto exchange in the world by trading volume, at the end of July. Kaiko shared this statement in an August 19 post on its website.

Sep 2, 2024