MiCA Spurs Binance Restructuring: French Arm Gets New Shareholders

Binance France, the European arm of the world’s largest cryptocurrency exchange, has undergone a significant ownership reshuffle in response to regulatory hurdles faced by its founder, Changpeng Zhao. Previously the sole owner of Binance France, Zhao acknowledged violating US banking regulations. French law prohibits companies from having majority shareholders with criminal records. To ensure... source: https://coinedition.com/mica-spurs-binance-restructuring-french-arm-gets-new-shareholders/