Binance’s New Swedish Registration Marks seventh Regulatory License in EU

The Swedish Financial Supervisory Authority Grants Binance Nordics AB Regulatory Approval
The Malta-based cryptocurrency giant Binance, through its Swedish trading subsidiary Binance Nordics AB, has obtained regulatory certification from the Swedish Financial Supervisory Authority (SFSA). This permission comes after Binance registered as a funds enterprise with the SFSA in January 2021. A significant turning point in Binance’s global expansion and registration endeavours has been reached with the acquisition of its seventh licence.
Binance is able to operate as a spot buying and selling platform and a dealer of safety tokens thanks to the regulatory licence. An announcement on Binance’s website states that SFSA has also given Binance Nordics AB permission to challenge corporations.
In response to the news, Binance said that this regulatory clearance will bolster its commitment to further expand into the Swedish market and give its clients access to a range of cryptocurrency and Web3 businesses.
According to Roy van Krimpen, Binance’s Nordics and Benelux Lead, “our next big task would be the profitable migration and launch of native operations, together with hiring of native expertise, organising extra occasions and delivering extra crypto training in Sweden.”
Meanwhile, Finance Magnates reports that Binance is trying to acquire GOPAX, a well-known Korean cryptocurrency. The goal is to acquire the majority of GOPAX CEO Lee Jun-Haeng’s shares in the digital asset exchange company.

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