Binance receives 7th EU regulatory approval Swedish Financial Supervisory Authority

• Binance granted registration by the Swedish Financial Supervisory Authority on January 10, 2023.
• Binance now authorised in seven EU Member States and fifteen jurisdictions worldwide.

Binance has been granted registration as a financial institution for management and trading in virtual currency by the Swedish Financial Supervisory Authority (Swedish FSA). This registration allows Swedish residents to access Binance’s broad range of crypto and Web3 services, such as euro deposits and withdrawals, crypto buying with euro, trading, staking and the Binance Visa Card*.

This is the seventh EU Member State in which Binance has been granted authorization, following approvals in France, Italy, Lithuania, Spain, Cyprus and Poland. The company has also achieved global authorizations in other countries.

“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,” said Richard Teng, Head of Europe and MENA at Binance.

Roy van Krimpen, Nordics and Benelux Lead, added: “We have been careful to ensure that Binance Nordics AB has adopted risk and AML policies to match the exacting standard of Sweden and the EU. Our next big task will be the successful migration and launch of local operations, including hiring of local talent, organizing more events and delivering more crypto education in Sweden.”