Binance creates a startup incubator in Paris and recruits a former MFA executive

Binance consolidates its position in France

Binance, the cryptocurrency exchange platform the largest in the worldannounced today that it will settle in station Fthe largest startup campus in the world located in Paris.

This news is a continuation of the “Objectif Lune” program announced last November, for which Changpeng ZhaoBinance CEO, was already planning an investment to develop a research and development hub, a blockchain startup accelerator as well as an online training program, all in France.

It was he himself who unveiled this new collaboration with Station F, as part of the Paris Blockchain Week Summit currently underway in the capital. ” France is in a unique position to be the leader of this sector in Europe “He said, at the same time indicating that Binance already employed around 50 people in the country.

The “Objectif Lune” program also includes an envelope of 100 million euros from Binance for France in order to ” make the country the heart of the European crypto community “.

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France as a European stepping stone

This new space, which will take place in the heart of the Paris campus, will support startups in their start-up phase thanks to the personalized support of professionals already operating in the BNB Chain, NFT Labs or Binance Labs, subsidiaries of Binance.

This will allow young companies to benefit from the help of the world’s largest exchange to guide them the design, development and improvement of their ideas and projects. In addition, Binance will make its best partners available to the most promising startups.

Startups, which will operate in sectors such as the blockchain, the Web 3.0 or even the metaverse, they will also have their hosting taken care of by Binance during their incubation period. From the meetings organized by Binance France with the major players in the ecosystem they are also on the agenda.

Deposit Rossana VarzaDirector of Station F, Binance’s arrival on campus will democratize the world of blockchain and Web 3.0:

“We are so proud and excited to welcome the world’s leading actor in the Web 3.0 economy to Station F. For anyone looking to better understand blockchain and cryptocurrencies, we hope this place helps them enter the mainstream world. Web 3.0.”

For Changpeng Zhao, this new incubator dedicated to Web 3.0 will be ” a springboard for Europe ” as well as'” a creative and innovative base “.

A former MFA adviser joins the platform

Parallel to this announcement of capital for the development of the cryptocurrency ecosystem in FranceIt seems that Stefania Cabossioraformer Deputy Director of Legal Affairs of the Autorité des Marchés Financiers (AMF), joined the ranks of Binance.

Indeed the latter appears in the conference program of the Paris Blockchain Week Summitwhich is expected to speak today, Wednesday 13 April, as part of a round table on the topic ” leveraging the blockchain to prevent crime “. On this same level, it is indicated that Ms. Cabossioras will speak on behalf of Binance.

Information supported by his LinkedIn profile, which mentions his activity as Deputy Director of Legal Affairs of the MFA from January 2020 to March 2022which actually suggests a change of position.

This would be a logical recruitment for Binance, which it has always advocated for proper regulation of cryptocurrencies. Furthermore, Changpeng Zhao had indicated that he wanted to obtain the status of digital asset service provider (PSAN), a sesame issued by none other than the AMF.

👉 Related article: Binance now has an agreement in principle to expand its services in Abu Dhabi

Sources: Station F, Paris Blockchain Week Summit

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About the author: Massimiliano Prue

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Passionate about the world of decentralized finance and the news brought by Web 3.0, I write articles for Cryptoast to help make the blockchain more accessible to everyone. Convinced that cryptocurrencies will change the future very soon.
All articles by Maximilien Prué.

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