Binance, a leading cryptocurrency exchange, is undergoing a shareholder transition as part of its larger effort to align with regulatory standards in various jurisdictions. This restructuring is essential for Binance to maintain its operational legitimacy in France and across the European Union (EU), especially as new regulations like the Markets in Crypto-Assets (MiCA) are introduced.
The MiCA regulation, set to be fully implemented within the next two years, offers cryptocurrency companies the opportunity to “passport” their licenses across all 27 member nations of the EU. This means that crypto companies can obtain a license in one EU country and operate seamlessly throughout the entire EU.