Binance ensures official approval in Sweden

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Von Krypto News Österreich

The Swedish financial supervisory authority has registered the world's largest cryptocurrency exchange-Binance-as a financial institution for administration and trading in virtual currencies in the Scandinavian country.

This is the seventh EU country in which the platform received such a license, with the previous six countries of Italy, France, Spain, Poland, Cyprus and Lithuania.

  • Binance announced that his Swedish subsidiary-Binance Nordics-after "constructive engagement" the registration from the finance authorities received.
  • Authorization enables local consumers to access their products and services, such as: B. the purchase of cryptocurrencies with euros, withdrawals against the Fiat currency, trade and operations.
  • Richard Teng - Head of Europe and Mena near Binance - said that the recent registration shows the company's commitment to work with the regulatory authorities in order to "maintain global standards".

"We are deeply grateful for the support of the Swedish financial regulator during the entire application and for approval. Sweden is now part of the growing list of global jurisdiction that has granted the Binance an official approval," he added.

  • Roy van Krimpen-the Head of Benelux on the stock exchange-assured that the trading center had complied with all the necessary AML guidelines to comply with the Swedish laws and requirements
  • The stock exchange has previously secured regulatory green light from six other members of the European Union France Preserver-Spaces = "True and Spain is one of them.
  • Cz said Last year that Binance "builds up a compliance team" that could help the company to receive a license in Europe's largest economy.

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