BUSD

OKX, the leading cryptocurrency spot and derivatives exchange has applied to register as a Digital Asset Service Provider (DASP) in France with the intention to establish its European digital hub in Paris. As per the statement of Tim Byun, the company’s Head of Global Government Relations, OKX has planned to develop a “substantial” physical presence in France.According to the latest <a href="https://www.bloomberg.com/news/articles/2023-05-23/okx-sets-up-shop-in-paris-seeks-regulatory-approval#xj4y7vzkg" rel="noopener noreferrer nofollow">updates</a> on the matter, OKX would become the first overseas crypto exchange to set the European Union’s second-largest economy as its European base. One of the other <a href="https://cryptotale.org/the-best-cryptocurrency-exchange-platforms-for-crypto-newcomers/" rel="noopener noreferrer nofollow">crypto exchanges</a> that sought for choosing France was Binance; after <a href="https://www.amf-france.org/fr/espace-professionnels/fintech/mes-relations-avec-lamf/obtenir-un-enregistrement-un-agrement-psan#Liste_des_PSAN_enregistrs_auprs_de_lAMF" rel="noopener noreferrer nofollow">securing</a> regulatory approval, and becoming a registered DASP in France, Binance hired almost 150 people for its Paris branch.OKX filed the application under the Autorite des Marches Financiers (AMF) following its incorporation of OKX France in April; the move reflects the company’s interest in flourishing its presence in Europe, especially in France. Upon the approval of the application, OKX would be permitted to offer services and products to its customers in France.Read full article at <a href="https://cryptotale.org/okx-applies-to-become-a-registered-digital-asset-service-provider-in-france/" rel="noopener noreferrer nofollow">CryptoTale.</a>

OKX Applies to Become a Registered Digital Asset Service Provider in France

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