Binance in Talks for Regulatory Approval in Germany, CEO Says

Changpeng Zhao says the crypto exchange is recruiting compliance personnel in the country.

AccessTimeIconMay 18, 2022 at 12:26 p.m. UTC
Updated May 11, 2023 at 5:34 p.m. UTC

Cryptocurrency exchange Binance is in talks to gain regulatory approval in Germany, founder and CEO Changpeng "CZ" Zhao said.

  • Binance is recruiting compliance personnel for its team in Germany and hopes to win a license there, he said at an event in Hamburg on Wednesday.
  • "Our team is definitely talking with regulators here," he said.
  • Binance recently registered as a digital asset service provider with the Autorité des Marchés Financiers (AMF) in France.
  • Having already obtained approval to operate in Bahrain, Abu Dhabi and Dubai, Binance turned its attention to securing licenses in the world's largest marketplaces.
  • A license in Germany, Europe's largest economy, could open the door to greater regulatory approval elsewhere on the continent.
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    Jamie Crawley

    Jamie Crawley is a CoinDesk news reporter based in London.