fbpx
Skip to content Skip to sidebar Skip to footer

Binance Receives Authorisation to Operate in Sweden

SONY DSC

The Swedish Financial Supervisory Authority (Swedish FSA) has authorised the registration of cryptocurrency exchange Binance’s Swedish subsidiary, Binance Nordics AB, as a “financial institution for management and trading in virtual currency.” This makes Sweden the seventh EU Member State — alongside France, Italy, Lithuania, Spain, Cyprus, and Poland–  to approve Binance’s registration.

The FSA registration enables Binance to launch a website in Swedish and sell its digital asset services directly to customers in the country, according to Per Nordkvist, deputy head of the Swedish Financial Supervisory Authority’s banks sector.

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 (anti-money laundering) policies to match this exacting standard.

 

Roy van Krimpen, Lead of Binance’s Nordics and Benelux

Krimpen added that their next major objective will be to successfully relocate and commence local operations, which will involve employing local talent, planning additional events, and increasing crypto education in Sweden.

In total, 15 jurisdictions have granted regulatory licences or approvals to Binance. The cryptocurrency exchange has been granted permission to offer services outside of Europe in Bahrain, Australia, New Zealand, Canada, and South Africa. The Astana International Financial Center in Kazakhstan, the Abu Dhabi Global Market, and the Dubai World Trade Center have also given their approval.

Leave a comment

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain & crypto news provider, covering daily news focused on trading and investment developments in bitcoin and crypto. We bring you expansive crypto news coverage around the world. We offer many thought leadership opinions from blockchain experts and leaders of the industry.

Subscribe to SCN

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

111 North Bridge Road, 21-01, Peninsula Plaza, Singapore 179098.

Phone: +65-80282938

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain and crypto news provider, covering daily news on the latest tech and trading developments in crypto. We bring you expansive crypto news coverage especially in Asia, with a focus on Singapore, Thailand and Southeast Asia.

Follow Us On

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us