Crypto.com, one of the world’s leading cryptocurrency exchanges, announced on Wednesday that it wants to strengthen its presence in France with an investment of 150 million euros, specifically to support its “Business development”, and setting up its European headquarters in Paris. The announcement comes days after the company received its registration from the Financial Markets Authority (AMF) to do business in France.
“Our regulatory approval was an important first step on our journey to France, and we look forward to continuing to collaborate with stakeholders to support France’s new digital economy.said Eric Anziani, CEO of Crypto.com.
Founded in 2016, Singapore-headquartered Crypto.com boasts over 50 million customers on its cryptocurrency exchange platform. Like the head of Binance, a competing platform that also made France its “main baseIn Europe, the head of Crypto.com highlights the willingness of the French authorities in the regulation of cryptocurrencies to justify this investment.
President Emmanuel Macron and his governmentstrongly supports Web3“The new era of the Internet, of which cryptocurrencies are an essential part, for example, the delegate of the Minister of Digital Affairs, Jean-Noël Baron, mentioned last September at a convention on cryptocurrencies.”Our regulators have over time gained a very detailed understanding of what blockchain finance is all about“, he added.
Source: Le Figaro
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