Binance founder and CEO Changpeng Zhao said Tuesday at the Financial Times Crypto and Digital Assets Summit that the world's largest crypto exchange may soon launch a regulated firm in a G-7 country in Europe.

https://twitter.com/TheBitcoinScoop/status/1519165029358006272

Binance, according to Zhao, already has a proper corporate structure, which is required when applying for licences, as well as a holding company that will be revealed soon.

Binance has just obtained licences in Dubai, Bahrain, and Abu Dhabi due to a massive compliance push.

Binance.US, Binance's American subsidiary that operates in 45 states and seven territories, said last week that it had been granted a licence in Puerto Rico. Former British regulator Steven McWhirter was hired as a director of regulatory policy as part of the crypto exchange's latest compliance efforts.
<h2>Binance Announced Collaboration</h2>
This week Binance announced that it is collaborating with several organisations, including Contis, a European banking-as-a-service platform, and Rotary and Palianytsia, to provide refugees affected by the Ukrainian conflict with a way to send and receive funds and make purchases within the European Economic Area (EEA).

Binance May Soon Open a Branch in a G-7 Country in Europe

Binance founder and CEO Changpeng Zhao said Tuesday at the Financial Times Crypto and Digital Assets Summit that the world's largest crypto exchange may soon launch a regulated firm in a G-7 country in Europe.

Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

Binance May Soon Open a Branch in a G-7 Country in Europe

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