Binance Receives Regulatory Approval from Sweden

Having received regulatory approval, Binance continues to increase its workforce.

The Swedish License

Cryptocurrency exchange Binance has received regulatory approval from the Swedish Financial Supervisory Authority (Swedish FSA) and is now eligible to offer its services to the Swedish community. Binance Nordics has finally received regulatory approval after months of negotiations with the authorities. From now on, Swedish customers will be able to benefit from Binance’s various services, including cryptocurrency trading and various Web3 services. Roy van Krimpen, head of Nordics and Benelux, stated that Nordics’ risk and AML policies comply with European Union standards. In addition, he made the following statement: “Our next big goal will be the launch of local operations in Sweden.”

The Swedish license brings the total number of European licenses acquired by Binance to seven. It was previously licensed in Cyprus, France, Italy, Lithuania, Poland, and Spain. Also, the cryptocurrency exchange has regulatory approval in 14 other jurisdictions around the world. Binance has steadily pursued regulatory approvals in multiple markets since failing to gain regulatory approval in Japan, Hong Kong, Ontario, and the United Kingdom in 2021. Changpeng Zhao, CEO of the exchange, has also repeatedly spoken about the exchange’s commitment to regulation. Richard Teng, President of European Operations, explained that the company still maintains its policy of partnering with local regulatory bodies and upholding the highest standards of service.

He further stated: “Our success in Sweden is the result of months of diligent efforts by our team supporting our commitment to the Swedish market and our users.”

Also, in December, the exchange joined the Chamber of Digital Commerce to promote the development of sensible regulations for cryptocurrency and blockchain. Furthermore, Binance recently became the first crypto company to join the Association of Certified Sanction Specialists (ACSS). According to ACSS Executive Director Saskia Rietbroek, Binance’s participation will make a major contribution to the advancement of compliance in the crypto sector.

Recruiting

Apart from gaining regulatory approval, Binance continues to increase its workforce. According to CZ, the exchange’s employment has grown from 3000 to 8000 in 2022, even though many cryptocurrency companies are laying off employees to remain in the market.

Source

https://www.coinspeaker.com/

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