Oct 12 (Reuters) – Cryptocurrency platform Crypto.com will arrange its European regional headquarters in Paris, the Singapore-based firm stated on Wednesday.
The agency will make investments 150 million euros ($145.7 million) in France to assist the institution of its market operations, it stated in an announcement, including it’s going to rent native expertise within the fields of compliance, enterprise growth and product.
The cryptocurrency trade platform, which has greater than 50 million customers worldwide, obtained regulatory approval by the French market authority final month, permitting it to supply services and products to prospects in France.
Crypto.com additionally received regulatory approval in the UK and Italy earlier this yr.
In Could, cryptocurrency trade Binance stated it had registered with France’s market regulator, with Binance France’s normal supervisor David Prinçay including it was now looking for a proper licence to open a regional headquarters in France.
($1 = 1.0299 euros)
Reporting by Elena Vardon, Modifying by Louise Heavens
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