Millions of euros of investment from Binance in France

With the initiative announced in November, Binance will establish an R&D office in France and collaborate with various incubators for new ventures. The name of the project to be launched by Binance will be "Moon Quest." David Princay, Managing Director of France, said, "The aim of the new initiative is to develop a new ecosystem and accelerate the growth of an existing ecosystem. You can't do this alone." In addition, French crypto hardware firm Ledger, whose value was determined as $1.5 billion in a recent valuation, will also take part in the Moon Mission project. Due to regulations, Binance had a turbulent relationship with governments in 2021. Institutions that made things difficult for crypto platforms included the UK's financial regulators and the Commodity Futures Trading Commission in the US.