The Swedish Financial Supervisory Authority, one of the country’s financial regulatory agencies, has approved local crypto exchange Binance to manage and trade digital currencies.
According to an announcement on January 11, Binance said that after “months of constructive engagement” with financial regulators, the Swedish FSA granted Binance Nordics AB registration status on January 10. This decision effectively allows Swedish citizens to access Binance’s crypto service.
“Sweden fully implements EU law and has more local requirements, so we have to be careful to ensure that Binance Nordics AB has implemented risk and AML policies to meet these exact standards,” said Roy van Krimpen, Binance’s regional leader mentioned. a big task will be the successful migration and launch of local operations, including hiring local talent, organizing other events and delivering more crypto education in Sweden.
Hello Sweden #Binance has been granted registration by the Swedish Financial Supervisory Authority.
Beyond our commitment to compliance throughout Europe, this registration gives citizens in Sweden access to a wide range of regulated crypto and Web3 services.
– Binance (@binance) January 11, 2023
The decision of the Swedish financial authorities follows the regulators in France, Bahrain, Spain and Dubai who gave the same approval to Binance in 2022. . about the risks regarding digital assets.
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On January 10, a US court approved a preliminary deal allowing Binance.US to buy more than $1 billion in assets from Voyager Digital, which declared bankruptcy in July. FTX had planned to acquire Voyager’s assets before it collapsed in November, so it could be recaptured.