206
The world’s largest crypto exchange BINANCE expands its stronghold by receiving its 4th license in Europe. Binance gets its Crypto Asset Service Provider registration from Cyprus Securities and Exchange Commission (CySEC) on Thursday. Thus, it allows the crypto exchange to offer spot, custodian, staking, and card services in the country. Binance CEO “CZ” consider France as Europe’s crypto hub.
Binance Gets License in Cyprus
In an official announcement on October 20, Binance said Binance Cyprus Limited has received Class 3 registration as a Crypto Asset Services Provider (CASP) by Cyprus Securities and Exchange Commission (CySEC).
The new license allows the crypto exchange to offer services including spot trading, custodian, staking, and cards. Moreover, it is another milestone for Binance to be in compliance with the requirements of the CySEC’s anti-money laundering and counter-terrorism financing (AML/CTF) rules.
Binance CEO “CZ” believes an effective regulatory framework is necessary to protect users and promote crypto adoption.
“Binance has some of the most thorough AML and CTF compliance policies in the industry. Recognition of the efforts we have made to be on the leading edge of compliance that our registration in Cyprus represents is testament to that.”
Binance continuous expansion is a sign of commitment to recruitment, education, regulatory cooperation, and development of the crypto ecosystem in the region. In fact, it has received similar registrations in other France, Italy, and Spain.
- Binance
- crypto license
