Binance will strengthen its presence in France

The cryptocurrency giant, which claims 120 million users, plans to hire 200 new employees in France this year, said its boss Changpeng Zhao (CZ) on Wednesday in Paris.

Binance, the world’s leading cryptocurrency exchange, will strengthen its presence in France, which has become its “main base” in Europe, its boss, Changpeng Zhao, announced on Tuesday.

“We now have 150 people in Paris and we plan to hire around 200 more by the end of the year,” he said, speaking at a cryptocurrency convention hosted by his company. .

Paris, Binance’s biggest base

Paris “is Binance’s biggest base” in Europe “and most of the things we do in Europe are done here,” said the billionaire, who grew up in China but now has Canadian citizenship.

The boss of Binance notably complimented the French approach to the regulation of cryptocurrencies.

The sector generally encounters “regulatory problems, a lack of clarity” in the world, but “it is much less of a problem in France”, he underlined.

French regulators are “very clear, very frank”, and “reactive”, he assured, noting in particular that the various public institutions called upon to intervene on cryptocurrencies were “aligned”, which is not the necessarily elsewhere.

Web 3 Support

President Emmanuel Macron and his government “strongly support the Web3”, a new era of the Internet of which cryptocurrencies are an essential part, indicated for his part the Minister Delegate for Digital, Jean-Noël Barrot, also present.

“Our regulators have over time acquired a very fine understanding of what blockchain finance is,” he added.

Binance also announced on Tuesday a program in partnership with the network of digital schools Simplon to train 10,000 people in France “in applications related to Web3 and blockchain”.

This program plans to specifically target “women, people far from digital, training and employment, VSEs-SMEs and young people”, according to Binance and Simplon.

Pauline Armandet with AFP

Leave a Comment