Krypto exchange Binance.us Secures Money Transmitter license in Puerto Rico
Krypto exchange Binance.us Secures Money Transmitter license in Puerto Rico
- binance .us for the first time in September 2019 that residents of Puerto Rico could access the stock exchange
- The announcement takes place shortly after the Binance subsidiary, based in the USA, has achieved $ 4.5 billion $
binance.us received a Money Transmitter license in Puerto Rico.
The American partner of the Binance cryptocurrency exchange announced the development on Tuesday. Binance.Us for the first time in September 2019 to give the residents of Puerto Rico access to the same services as the American residents meanwhile deleted blog post .
A spokesman for Binance. The spokesman did not respond to inquiries how the new license changes.
"" Puerto Rico in particular is an important market for the growth of crypto and we look forward to continuing to offer its residents a safe, reliable and free -free access to a robust selection of tokens, "said Brian Shroder, CEO from Binance.Us in a Explanation Tuesday.
Every company in which a "payment order is received, including, but not limited to, bank checks, checks, personal payment instructions or other means of money transfer or payment, including those that are carried out by electronic transfer, wire, telephone or others, other medium that is to be transferred to a beneficiary" is necessary to maintain a money transmitter license in Puerto Rico .
The new license is the fourth of Binance.Us this year. The stock exchange has been accredited in Connecticut, West Virginia and Wyoming since January. However, not all states need a license so that a stock exchange can be operated.
in March Binance. Mer announced that it is available for Louisiana residents, which means that the stock exchange is now accessible in 45 US states.
"Every state, including Louisiana, has unique requirements and we are working to ensure that we can ultimately operate in all 50 states," said Sidney Majalya, Chief Risk Officer from Binance.Us at that time. "We are very happy to be able to offer our services in Louisiana and like other states, look forward to working with state officials to demonstrate our most compliance-most way of thinking."
The license for Puerto Rico comes after Binance. After completing a seed financing round of $ 200 million, an assessment of $ 4.5 billion reached at the beginning of this month. The investors of the round included Circle Ventures, Foundation Capital, Gaingels, Gold House, Original Capital, Rre Vaneck.
binance.us was launched in September 2019 through a partnership with BAM Trading Services after Binance had stopped service for US customers in the same month.
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The Post Crypto Exchange Binance.us Secures Money Transmitter License in Puerto Rico is not a financial advice.