Binance, the seventh country of the European Union! Approved by the Swedish Financial Supervisory Authority (FSA) for regulation

Binance announced on the 10th that after months of constructive communication with regulatory authorities, Binance Nordics AB has received registration approval from the Swedish Financial Supervisory Authority (Swedish FSA) to become a financial institution for managing and trading cryptocurrencies locally. The registration number for Binance Nordics AB is 66822.

According to an announcement made by Binance on the 10th, after months of constructive communication with regulatory authorities, Binance Nordics AB has obtained registration approval from the Swedish Financial Supervisory Authority (Swedish FSA), becoming a financial institution in the region authorized to manage and trade cryptocurrencies. The registration number for Binance Nordics AB is 66822.

This qualification means that residents of Sweden can now access a variety of Binance's crypto and Web3 services, including Euro deposits and withdrawals, purchasing cryptocurrencies with Euros, trading, staking, and services like Binance Visa card.

Following France, Italy, Lithuania, Spain, Cyprus, and Poland, Sweden becomes the seventh EU member state where Binance has received registration approval. For more detailed information on this registration approval and other global licensing permits obtained by Binance worldwide.

Richard Teng, head of Binance Europe, the Middle East, and North Africa, commented: "Binance continues to demonstrate our commitment to maintaining global standards through close collaboration with regulators. Obtaining registration approval in Sweden is the result of months of hard work by our team, solidifying our commitment to the Swedish market and users. We are very grateful for the support and permission of the Swedish Financial Supervisory Authority throughout the entire application process. Sweden is now one of the many global jurisdictions that have granted regulatory approval to Binance."

Roy van Krimpen, head of the Nordic and Benelux Economic Union, added: "Sweden fully complies with EU laws and has additional local requirements, so we have been very cautious to ensure that Binance Nordics AB meets strict standards for risk and anti-money laundering policies. Our next major task will be to launch local operations, including recruiting local talent, organizing more events, and providing more crypto education in Sweden."

*Products available to Swedish users will include: trading cryptocurrencies with Euros, spot trading, leverage trading, Binance Earn, Binance Pay, Binance Pool, NFT marketplace, fan tokens, Binance Visa card, Binance Swap, Launchpad, Launchpool, savings, BNB yield pool, automatic investment, and custody.