The Binance cryptocurrency exchange is now legal to operate in seven European countries following the latest approval from the Swedish financial regulator. Overall, Binance has been approved to operate in 15 jurisdictions, including seven EU countries.
Binance approved to operate in 7 EU countries
Cryptocurrency exchange Binance announced on Thursday that its Swedish entity, Binance Nordics AB, “has received registration as a financial institution for the management and trading of virtual currency by the Swedish Financial Supervisory Authority (Swedish FSA).” Binance explained:
Sweden becomes the seventh EU Member State in which Binance has been granted authorization, following authorizations in: France, Italy, Lithuania, Spain, Cyprus and Poland.
Per Nordkvist, deputy head of the banking division at the Swedish Financial Supervisory Authority, told Reuters that the FSA registration allows Binance to launch a Swedish-language website and market its digital asset services directly to consumers in the country. Nordic.
“Sweden fully adopts EU laws and has more local requirements, so we have been careful to ensure that Binance Nordics AB has adopted risk and AML (anti-money laundering) policies to meet this exacting standard,” said Binance Nordics and Benelux leader Roy. Van Krimpen. He further revealed:
Our next big task will be the successful migration and launch of local operations, including hiring local talent, hosting more events, and delivering more crypto education in Sweden.
Overall, Binance has received regulatory permits or approvals in 15 jurisdictions. Outside of Europe, the crypto exchange has been cleared to provide services in Bahrain, Australia, New Zealand, Canada, and South Africa. It has also received approval from Kazakhstan’s Astana International Financial Center, Abu Dhabi Global Market and Dubai World Trade Center.
Binance said this week that it has joined the Association of Certified Sanctions Specialists (ACSS) which works to improve the qualification of sanctions compliance professionals employed by global companies.
What do you think about Binance’s efforts to expand globally? Let us know in the comments section.
image credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or a solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service or company. bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
