Sweden became the seventh EU jurisdiction where Binance received a regulatory green light.
The Swedish Financial Supervisory Authority registered the world’s largest cryptocurrency exchange – Binance – as a financial institution for management and trading in virtual currency in the Scandinavian country.
The authorization enables local consumers to access its products and services, such as buying cryptocurrencies with euro, making withdrawals against the fiat currency, trading, and staking. “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,” he added.
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