Binance is looking to win a cryptocurrency license in German
Germany is becoming the next country that Binance wants to visit after the exchange achieved legal success in France.
Binance is in talks with the regulator to win a license to operate in Germany
Speaking at the FWD Finance Conference in Hamburg this week, Binance CEO Changpeng Zhao (CZ) said the exchange is in talks to gain regulatory approval in Germany.
Binance is courting German regulators over a crypto license, a little over a year after it was admonished by the agency for offering stock-like tokens without a prospectus https://t.co/pFIhEehaL7
— Bloomberg (@business) May 18, 2022
In addition, the Binance CEO further revealed that the company is actively recruiting new members in the organization, especially for its legal department, to establish the right structure for its unit in Germany.
Furthermore, CZ has revealed some early images with a small group of volunteers in Germany named “Binance Angel,” ready to support Binance with visuals and media in its goal of achieving its ambitions.
Meeting the #Binance Angels in Germany yesterday.
Binance Angels are community volunteers, not paid. They are mission driven. pic.twitter.com/ZM0nb7RBnV
— CZ 🔶 Binance (@cz_binance) May 18, 2022
The latest move comes after Binance was licensed to operate in France and Abu Dhabi, Bahrain, and Dubai. However, if the process of entering Europe’s largest economy goes smoothly and achieves the desired success, this will be a significant milestone that will help open the door for Binance to receive approval from many authorities more easily managed globally and resonate with the exchange’s position, which has suffered from a lot of regulatory turbulence over the past half-year.
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