As a seasoned crypto investor with a keen interest in staying updated on industry developments, I believe that Binance France’s ownership restructuring is a positive step towards regulatory compliance. Having gone through my fair share of market volatility and legal ambiguity, I understand the importance of transparency and adherence to regulatory frameworks in this space.
Binance France underwent significant changes in its ownership structure in response to regulatory demands from the French Financial Markets Authority (AMF). The crypto exchange shifted complete control to Yulong Yan and Lihua He, both original Binance team members, after an AMF caution concerning former CEO Changpeng Zhao’s legal issues in the US.
Yan and He were named as equal shareholders in Binance France, each owning a 50% stake. Previously, Yan, also referred to as Allan Yan, was the co-founder of Bijie Tech and held the position of Binance’s inaugural product director.
As the MiCA regulation in the EU approaches, Binance France is making preparations to comply and gain a competitive edge. This involves implementing rigorous anti-money laundering measures and undergoing leadership transitions.
Recently, the company has made some notable moves such as bringing on Richard Teng, a former employee of the Singapore Central Bank, as its new CEO. Binance France continues to engage with EU regulatory bodies to ensure the company’s compliance adapts to the evolving digital asset landscape within the European Union.
Read More
- BODEN PREDICTION. BODEN cryptocurrency
- GHST PREDICTION. GHST cryptocurrency
- BETA PREDICTION. BETA cryptocurrency
- STRD PREDICTION. STRD cryptocurrency
- Mango Markets Exploiter Found Guilty Of Fraud And Manipulation
- GBP EUR PREDICTION
- MATIC PREDICTION. MATIC cryptocurrency
- LOOKS PREDICTION. LOOKS cryptocurrency
- BRN/USD
- TNSR PREDICTION. TNSR cryptocurrency
2024-05-29 03:32