The embattled crypto exchange Binance announced that its Binance Nordics AB had been granted registration as a financial institution for management and trading in virtual currency by the Swedish Financial Supervisory Authority (FSA). Sweden becomes the seventh EU Member State in which Binance has been granted authorization, following authorizations in France, Italy, Lithuania, Spain, Cyprus, and Poland.
This registration means that Swedish residents can now access Binance’s crypto and Web3 services, including euro deposits and withdrawals, crypto buying with euro, trading, staking, and the Binance Visa Card.
Richard Teng, Head of Europe and MENA at Binance, commented: “Binance continues to demonstrate its commitment to work closely with regulatory agencies to uphold global standards. Our registration in Sweden is the result of many months of diligent, hard work from our team, underpinning our commitment to the Swedish market and our users. We are deeply grateful for the support from the Swedish Financial Supervisory Authority throughout the application process and for the approval. Sweden is now amongst the growing list of global jurisdictions that have granted regulatory approval to Binance.”