Binance Receives Licensing to Become DASP in France
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Binance took to its Twitter page on May 4 to announce that the Autorité des marchés financiers (AMF), France’s financial watchdog, has granted it licenses to operate as a registered digital asset service provider (DASP). The exchange wrote:
“We will now significantly expand our operations in France, with the intention to recruit up to 250 people focused on crypto and blockchain infrastructure development in the country, making France one of our regional HQs around the globe.”
The French division of the crypto exchange is now listed as a licensed DASP on the AMF website.
Highlighting its achievement as the first DASP in Europe, the exchange noted: “As the first major global crypto exchange to register in France, we will be able to bring cryptocurrency services and education to millions.”
Commenting on the development, billionaire Binance CEO Changpeng Zhao (CZ) noted: “The French DASP and AML/CFT regulations put in place stringent anti-money laundering and fit and proper requirements to meet the high standards necessary to be regulated in France.”
Finally, the official announcement read: “Binance will significantly scale our operations in France to make crypto and our services more accessible to all.”
Key Binance Coin Levels to Watch — May 6
Binance Coin has had nothing short of a roller-coaster price action over the past 48 hours. Following the US Fed rate decision on Wednesday, the market recorded a sharp rally, peaking at the $413 top.
However, the market took an unexpected dive in the following hours, sponsored by the stock market. The crash recorded yesterday set BNB on course to its lowest point since March 16, as the cryptocurrency tapped the $370 low.
As we head into the weekend, we can anticipate more volatile moves for the fourth-largest cryptocurrency, with a possibility of tapping the $350 low.
Meanwhile, my resistance levels are $380, $400, and $410, and my support levels are $365, $350, and $340.
Total Market Capitalization: $1.65 trillion
Binance Coin Market Capitalization: $61.6 billion
Binance Coin Dominance: 3.73%
Market Rank: #4
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