Friday, January 13, 2023

Binance Secures Seventh EU Regulatory Approval from Swedish Financial Supervisory Authority

Stockholm, January 11, 2023 - Binance today announces that Binance Nordics AB has been granted registration as a financial institution for management and trading in virtual currency by the Swedish Financial Supervisory Authority (Swedish FSA). This follows months of constructive engagement with the regulator. Binance Nordics AB holds registration number 66822.

As the world’s largest digital asset exchange, this registration means that Swedish residents can now access Binance’s broad range of crypto and Web3 services, including popular euro deposits and withdrawals, crypto buying with euro, trading, staking, and the Binance Visa Card*.

Sweden becomes the seventh EU Member State in which Binance has been granted authorization, following authorizations in France, Italy, Lithuania, Spain, Cyprus, and Poland. Details of these and other global authorizations it has achieved around the world can be found here: Licenses, Registrations, and Other Legal Matters

Richard Teng, Head of Europe and MENA at Binance, commented: “Binance continues to demonstrate its commitment to work closely with regulatory agencies to uphold global standards. Our registration in Sweden is the result of many months of diligent, hard work from our team, underpinning our commitment to the Swedish market and our users. We are deeply grateful for the support from the Swedish Financial Supervisory Authority throughout the application process and for the approval. Sweden is now amongst the growing list of global jurisdictions that have granted regulatory approval to Binance.”

Roy van Krimpen, Nordics and Benelux Lead added: “Sweden fully adopts EU laws and has further local requirements, so we have been careful to ensure that Binance Nordics AB has adopted risk and AML policies to match this exacting standard. Our next big task will be the successful migration and launch of local operations, including the hiring of local talent, organizing more events, and delivering more crypto education in Sweden.”

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