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On July 5, the head of the Kyiv Military and Political Administration Bureau of Ukraine, Tekachenko, said that the large-scale air strike launched by Russia on Kyiv in the early morning of the 4th has so far caused 2 deaths and 31 injuries, and the number of casualties continues to rise.On July 5, European Central Bank board member Makhlouf said that if the euro wants to quickly replace the dollar as the pillar of the global financial system, countries still have a long way to go, because there are still many gaps in financial and economic integration among European countries. Makhlouf said that the dominance of the dollar will weaken in the long run, but Europe currently lacks a single fiscal asset that is as stable as U.S. Treasuries and can compete with it. "Frankly speaking, Europes economic system is not yet fully formed," Makhlouf said, adding that changes in currency exchange rates in recent months are more due to investors concerns about the rule of law in the United States. Makhlouf said: "It would be a bit of an exaggeration to say that this will suddenly push the euro to replace the dollar, because the euro does not currently have such capabilities."ECB board member Makhlouf: Euro is not ready to challenge dollars status as global reserve currency.Russian Embassy: The Russian trade mission to Sweden has come under attack again, with a drone dropping paint on its premises.Turkish President Erdogan: We believe that the ceasefire between Iran and Israel has opened a door to Gaza, and Hamas has also demonstrated its sincerity many times.

Binance Registers With the French Crypto Authority and Moves on With Its European Objectives

Cory Russell

May 05, 2022 10:06


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Exchange of cryptocurrencies Binance has registered with France's market regulator, according to Chief Executive Officer Changpeng Zhao, furthering the company's aim to establish a European center in Paris.


"It's a true mark of quality," Binance stated. David Prinçay, France's General Manager, referred to the registration with the regulator, AMF.


"People's perceptions are shifting. It enables us to go on to the next step, which is to educate (the French public) about blockchain."


A computer network, rather than a central authority, maintains and updates a shared record of information. The technique is used by major cryptocurrencies like bitcoin.


Binance, according to Prinçay, France was now requesting a formal license from the French markets regulator in order to establish a regional headquarters in the country. Even before the registration, Binance claimed to be the country's leading bitcoin exchange.


Binance has been registered in France for the first time, and it is also pursuing registration in Switzerland, Sweden, Spain, the Netherlands, Portugal, and Austria, according to Prinçay.

Binance Received Licenses from Dubai and Bahrain in March.

More than a dozen national authorities, including those in Germany, Italy, and the United Kingdom, issued warnings to Binance last year. It was operating without a license in several areas, according to some.


Binance's CEO, who goes by the initials "CZ," said last month that he would spend 100 million euros ($105.51 million) in France and would donate 2 million euros to the renovation of a room at the Chateau de Versailles. He also endorsed French President Emmanuel Macron's re-election effort on Twitter.


Binance has actively extended its global presence since its inception in Shanghai in 2017.


According to a Reuters investigation released last month, Binance increased its operations in Russia, where it leads the crypto market, while also developing relationships with Russian government agencies.

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