Sweden has become the seventh EU member state to grant regulatory approval to the Binance crypto exchange.
Binance Now In Sweden
Binance is on a roll with its expansion into Europe. The world’s largest crypto exchange has recently been approved by the regulatory body in Sweden to offer its services in the country. The Swedish Financial Supervisory Authority (Swedish FSA) has authorized Binance Nordics AB as a financial institution for management and trading in virtual currency.
The approval comes after months of constructive engagement and discussions with the regulating body.
Speaking on the matter, Richard Teng, Head of Europe and MENA at Binance, said:
„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 Services Authority throughout the application process and for the approval.”
Binance In Europe
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