Chanpen Zhao appreciated the bill on the regulation of cryptocurrencies in the EU
The bill on the regulation of cryptocurrencies of the Mica “Fantastic”, but “a little strict” against stablecoins agreed by the EU authorities. Such an assessment was given by the head of Binance Chanpen Zhao.
The document describes the rules that apply to issuers of unsecured crypto acts, “stable coins”, trade and caste -casual platforms.
“The bills do not adopt stablecoins based on the US dollar, which account for 75% of the market liquidity,” Zhao noted during Binance Blockchain Week Paris.
However, he praised the work of the EU authorities. In his opinion, the document may become a “global standard” in the regulation of cryptocurrencies for other jurisdictions.
The head of Bitcoin-Birzhi also called Paris a potential “crypto-financial center of Europe and most of the world”. Zhao admitted that in the next five years the industry in France would “explode” thanks to loyal taxation and a simpler legislation on employment.
In 2017, President Emmanuel Macron carried out a reform designed to reduce the number of unemployed. She simplified the system of relations in the labor market. According to Zhao, Binance has already hired 150 people to the Parisian office and plans to expand the staff “another couple of hundred” by the end of 2022.
In April, the exchange announced partnership with the French Station Form Station Land Cubator and investments of € 100 million as part of the expansion of presence in Europe.
A month later, Binance received a license for the provider of services in the AMF digital assets market, as well as approval of the storage and trade of cryptocurrencies.
Recall that https://gagarin.news/news/why-cryptocurrencies-are-experiencing-a-decline/ the efforts of the EU authorities in the field of cryptocurrency regulation were concerned about the ex-chairman of CFTC Christopher Jankarlo. In his opinion, this threatens to impose a European model and will damage the ability of US supervisory authorities to effectively create its own rules.
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