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.
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.
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.