Binance, a leading cryptocurrency exchange, is undergoing a shareholder transition as part of its larger initiative to comply with regulatory requirements in various jurisdictions. This restructuring is vital for Binance to maintain its operational credibility in France and, consequently, throughout the European Union. With the emergence of new regulatory frameworks such as the Markets in Crypto-Assets (MiCA) regulation, Binance aims to align itself with these standards.
The MiCA regulation, set to be fully implemented within the next two years, grants crypto companies the ability to “passport” their license from one EU country to operate in all 27 member nations.