Binance receives regulatory approval from Swedish FSA 

Crypto Regulation
Binance receives regulatory approval from Swedish FSA 

After months of constructive engagements with Swedish financial authorities (FSA), Binance Nordics AB on Jan.11 announced that it had been granted registration, as a virtual currency trading and financial management platform. 

The latest registration status of the world’s largest crypto exchange now gives Swedish residents access to a wide range of crypto trading and web3 services, including euro deposits and withdrawal options using a Binance Visa card, trading, staking, Binance Pool, BNB Vault, fan tokens, margin trading and so much more.

Binance’s Head of Europe and the Middle East, Richard Teng, said: Binance continues to show its commitment to collaborate with regulatory organisations to uphold global standards closely. 

He continued that Binance highly appreciates the Swedish Financial Services Authority’s (FSA) assistance and approval throughout the application process. Sweden has now joined the growing list of countries with regulatory approval for the exchange. 

Special regards for the EU’s requirements 

In a statement, Roy van Krimpen, Nordics and Benelux Lead revealed that Sweden operates with European Union laws, EU and other local requirements.

Binance Nordics AB has carefully adopted all its risk and AML policies to meet these standards. It further stated that the organization’s next major objective would be the successful migration and launch of local operations, which would involve employing local people, planning additional events, and expanding crypto education in Sweden.

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Emmanuel O.

Emmanuel O. is a savvy blockchain content writer with about 5 years of experience. He helps crypto brands gain visibility by creating content with a tone, voice, and style that aligns with their vision and goals. When he is not writing or tweeting about cryptocurrencies, NFTs, web3, or metaverse, he is either cycling, watching movies, or reading other content.