Binance is licensed to provide its services in Sweden
The local branch of cryptocurrency exchange Binance has received authorization from the Swedish Financial Supervisory Authority, one of the nation’s financial regulatory bodies, to maintain and trade digital currencies.
In a Jan. 11 press release, Binance claimed that the financial regulator had awarded Binance Nordics AB’s registration status on Jan. 10 after “months of positive engagement” with the company. As a result of this ruling, residents of Sweden can now use Binance’s cryptocurrency services.
According to Roy van Krimpen, the region’s director for Binance, “Sweden fully embraces EU legislation and has additional local needs, thus we have been careful to ensure that Binance Nordics AB has enacted risk and AML measures to fit this high standard.” The successful migration and launch of local operations, along with the employment of local talent, planning more events, and providing more crypto education in Sweden, will be our next major goal.
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