Binance lands its seventh regulatory deal in the EU zone

Binanza announces today that the Swedish Financial Supervisory Authority (FSA) has granted BinanceNordic AB registration asfinancial institution for management and trading of virtual currency. This decision follows months of constructive engagement with the regulator. Binance Nordics AB holds registration number 66822.

As the largest digital asset marketplace in the world, this registration signifies it Swedish residents will now be able to access Binance’s wide range of crypto and Web3 servicesincluding popular euro deposits and withdrawals, buying cryptocurrencies with euros, trading, staking and the Binance* Visa Card.

Sweden becomes the seventh EU member state where Binance has been licensed, after those received in: France, Italy, Lithuania, Spain, Cyprus and Poland. Details of these permissions, as well as other permissions obtained worldwide, can be found here: Licenses, Registrations and Other Legal Matters

Riccardo TengHead of Europe and MENA of Binance, commented:

Binance continues to demonstrate its commitment to working closely with regulators to enforce global standards. Our registration in Sweden is the result of many months of hard work by our team, underlining our commitment to the Swedish market and our users. We are deeply grateful for the support of the Swedish Financial Services Authority throughout the application and approval process. Sweden is now part of the growing list of global jurisdictions that have granted regulatory approval to Binance. »

Roy Van Krimpenresponsible for the Nordic countries and Benelux, added:

Sweden fully adopts EU laws and has other local requirements, so we took care to ensure that Binance Nordics AB has adopted risk and anti-money laundering policies to meet this demanding standard. Our next big task will be the successful migration and launch of local operations including hiring local talent, hosting more events and providing more cryptocurrency education in Sweden.. »

*Products available to Swedish users will include: Buy/Sell cryptocurrencies with EUR, Spot Trading, Margin Trading, Staking via Binance Earn, Binance Pay, Binance Pool, NFT Marketplace, Fan Token, Binance Visa Card, Crypto Conversion Function, Launchpad , Launchpool , Savings, BNB Vault, Auto Invest and Custody.

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