Builders build in a bear market, and Binance is no exception. The exchange just got approval to offer its crypto services to Sweden.
The Swedish Financial Supervisory Authority, one of the country’s financial regulatory agencies, has granted the local arm of crypto exchange Binance approval to manage and trade digital currencies.that following “months of constructive engagement” with the financial regulator, the FSA granted Binance Nordics AB’s registration status on Jan. 10. This decision effectively allows Swedish residents to access Binance’s crypto services.
“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,” said Roy van Krimpen, Binance’s lead in the region. ”Our next big task will be the successful migration and launch of local operations, including hiring of local talent, organizing more events and delivering more crypto education in Sweden.
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