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Binance Now Approved by Swedish Regulator: Details

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Wed, 11/01/2023 - 15:50
Binance Now Approved by Swedish Regulator: Details
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In a recent blog post, Binance spread the word about obtaining approval from the Swedish financial regulator. Now, Sweden is the seventh country in the EU in which Binance is authorized.

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Binance gets regulator's permission to work in Sweden

Binance Nordics AB now owns a registration from Sweden's Financial Supervisory Authority (FSA) to manage and trade digital assets in the country. This milestone was reached by Binance after it had spent a long time (manifold months) working and engaging with the FSA.

Now, Swedish nationals will be granted access to a wide range of services offered by Binance. This includes EUR deposits, withdrawals, trading crypto, staking it and enjoying the use of Visa-powered Binance card.

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Prior to Sweden, the following EU countries also authorized Binance: Spain, France, Italy, Poland, Lithuania and Cyprus.

Chief of Europe and MENA at Binance Richard Teng expressed his gratitude to Swedish FSA regulaltor for productive work with the Binance team and for finally providing a license. Binance will also follow risk and AML policies due in the Swedish market.

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