{"id":16403,"date":"2023-01-13T03:03:56","date_gmt":"2023-01-13T03:03:56","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/binance-now-authorized-in-7-eu-countries-sweden-becomes-latest-member-state-to-give-approval-regulation-bitcoin-news\/"},"modified":"2023-01-13T03:03:56","modified_gmt":"2023-01-13T03:03:56","slug":"binance-now-authorized-in-7-eu-countries-sweden-becomes-latest-member-state-to-give-approval-regulation-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/binance-now-authorized-in-7-eu-countries-sweden-becomes-latest-member-state-to-give-approval-regulation-bitcoin-news\/","title":{"rendered":"Binance Now Authorized in 7 EU Countries \u2014 Sweden Becomes Latest Member State to Give Approval \u2013 Regulation Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Crypto exchange Binance is now legal to operate in seven European countries following the latest approval by Sweden\u2019s financial regulator. Overall, Binance has been approved to operate in 15 jurisdictions, including seven EU countries.<\/strong><\/p>\n

Binance Approved to Operate in 7 EU Countries<\/h2>\n

Cryptocurrency exchange Binance announced Thursday that its Swedish entity, Binance Nordics AB, \u201chas been granted registration as a financial institution for management and trading in virtual currency by the Swedish Financial Supervisory Authority (Swedish FSA).\u201d Binance explained:<\/p>\n

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Sweden becomes the seventh EU Member State in which Binance has been granted authorization, following authorizations in: France, Italy, Lithuania, Spain, Cyprus, and Poland.<\/p>\n<\/blockquote>\n

Per Nordkvist, deputy head of the Swedish Financial Supervisory Authority\u2019s banks division, told Reuters that the FSA registration allows Binance to launch a website in Swedish and market its digital asset services directly to consumers in the Nordic country.<\/p>\n

\u201cSweden 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,\u201d said Binance\u2019s Nordics and Benelux lead, Roy van Krimpen. He further revealed:<\/p>\n

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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.<\/p>\n<\/blockquote>\n

Overall, Binance has received regulatory permissions or approvals in 15 jurisdictions. Outside of Europe, the crypto exchange has received authorization to provide services in Bahrain, Australia, New Zealand, Canada, and South Africa. It has also received approval from Kazakhstan\u2019s Astana International Financial Centre, Abu Dhabi Global Market, and Dubai World Trade Center.<\/p>\n

Binance said this week that it has joined<\/a> the Association of Certified Sanctions Specialists (ACSS) which works to improve the qualification of sanctions compliance professionals employed by global companies.<\/p>\n

What do you think about Binance\u2019s efforts to expand globally? Let us know in the comments section below.<\/strong><\/em><\/p>\n

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\nKevin Helms <\/h6>\n

\nA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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