France Fintech and Binance announce new €100M initiative

Paris-headquartered France FinTech, a non-profit targeted at promoting fintech excellence in France, has hatched a plan with Malta-headquartered cryptocurrency exchange platform Binance to launch a €100M initiative.

The aim of this initiative is to support and promote the development of the French and European blockchain and cryptocurrency ecosystem.

Binance founder and CEO, Changpeng “CZ” Zhao, made this news public for the first time at a conference with Cedric O, Minister of State for the Digital Transition and Electronic Communication in France at the French Ministry of Finance in Paris.

Tagged “Objective Moon”, the initiative will comprise three key cryptocurrency and blockchain innovation projects in France.

Launched in June 2015 by a coalition of entrepreneurs, France FinTech is a non-profit association with a mission to drive and encourage innovation in the fintech sector both in France and beyond.

It also serves as a representative and a voice for fintech firms to the public authorities, the regulator, and the ecosystem. France Fintech is a coalition of fintech, insurtech, and regtech with the potential to become European or global leaders.