The French government has granted the world’s leading cryptocurrency platform Binance a license to service digital assets in the country, expanding its business in the European Union.

This is the first major approval granted to Binance by a G7 member country.

The market authority, “AMF” in Paris, stated on its website:

“Binance has obtained the registration of a digital asset service provider in the country from the French regulator”

According to Bloomberg, the French regulator’s approval will help support the company’s ambitions on the European continent.

Co-founder and CEO of the company, Changoping Zhao, praised France for being one of the countries supporting cryptocurrencies.

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He added:

“Cryptocurrency enthusiasts and traders should trust more in Binance France as a trusted and registered platform.”

France’s approval is the latest license granted to the largest cryptocurrency exchange in the world, and over the past two months it has received approvals from Bahrain, Dubai and Abu Dhabi.

Britain and Sweden may be among the upcoming “Binance” destinations, which may enhance the reliability of its business, especially in the old continent.

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