Binance Gets Approval from Swedish Financial Services Authority

• Binance Nordics AB has been granted registration by the Swedish Financial Services Authority (FSA).
• Swedish residents now have access to a wide variety of crypto trading and web3 services.
• Binance Nordics AB has carefully adopted all its risk and AML policies to meet EU and local requirements.

Binance announced on January 11th, 2023, that it had been granted registration by the Swedish Financial Services Authority (FSA) as a virtual currency trading and financial management platform. This is a major step forward for the world’s largest crypto exchange, giving Swedish residents access to an extensive range of investments and services.

Residents of Sweden can now deposit and withdraw euros using a Binance Visa card, as well as take part in trading, staking, fan tokens, margin trading, BNB Vault, and Binance Pool. All of these services are available with the latest registration status of the exchange.

Richard Teng, the Head of Europe and the Middle East at Binance, expressed his gratitude towards the FSA for their assistance and approval throughout the application process. He went on to say that Binance is committed to collaborating with regulatory organisations in order to uphold global standards.

Roy van Krimpen, the Nordics and Benelux Lead at Binance Nordics AB, also released a statement. He mentioned that the organisation is compliant with European Union laws, EU, and other local requirements. All of their risk and AML policies have been carefully adopted with these standards in mind.

The next objective for Binance Nordics AB is to successfully migrate and launch local operations. This includes the hiring of local personnel, planning more events, and expanding crypto education in Sweden.

This is an exciting time for Binance, as it continues to grow and gain regulatory approval from various countries. This news is sure to bring great opportunities to both the organisation and its Swedish customers.