Quantcast
Binance, Hong Kong’s Organized Crime and Triad Bureau team up for law enforcement sharing session
Dissolution : la France aurait perdu « un trimestre de croissance », selon la Confédération des petites et moyennes entreprises (CPME)
Circle clears MiCA hurdle to become licensed stablecoin issuer in EU
Sony to Restart Japanese Crypto Exchange Whalefin Purchased From Amber Group in 2023
Circle becomes the first stablecoin issuer in the world to comply with MiCA regulations
EU crypto traders urged to convert non-compliant stablecoins to regulated ones as MiCA framework takes effect
Crypto crime involving deepfakes seen surpassing $25bn in losses this year
Bitcoin's Potential Rebound May Face Resistance at $65K, OnChain Analysis Shows
Exclusive: Bybit Rises to Second-Largest Crypto Exchange, UTA Feature Key to Growth said Bybit Head of Communications
Fortune Crypto author: Nigerian government may 'regret its unjustified decision' to detain former U.S. federal agent
Crypto: Coinbase and its layer 2 Base team up with payment giant Stripe
Nostra CEO steps down 11 days after token airdrop with no vesting periods
Crypto: The Market Is Looking Up Again!
This French city accepts cryptocurrency payments
Early Legislative Elections: A Pro-Crypto Candidate is Running!
Solana launches “Blinks” and “Actions”: a revolution in the world of Web3?
Breaking: the ECB publishes its digital euro report, an expert announces a China 2.0 in Europe
EU crypto sector faces disruption from next week's MiCA rules targeting stablecoin activity: analyst
Laser-eyed candidate cuts lonely path in French election as crypto ponders uncertain future
Mt. Gox to Begin Repayments in July; BTC Slides Under $61K
How this Bitcoin miner plans to eke out a profit during a rocky time for the industry
Binance Announces Tether Integration on Toncoin Network
Ethereum finally ready for its rise? The holders are holding on!
Binance CEO: Employee detained in Nigeria 'is a true professional of the highest integrity'
El Salvador’s president wants to use Bitcoin for national projects. Here are six ways how
US Lawmakers Visit Detained Binance Executive in Nigeria, Point to Health Concerns
Discover this pro-Bitcoin French woman who is running for the 2024 legislative elections
Bitcoin Slumps Under $64K Amid Historic ‘Negative’ Sentiment
SEC closed the book on its Ethereum 2.0 investigation, but legal questions remain
SEC Drops Investigation into Ethereum (ETH), Consensys Says

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