Binance has been granted permission to operate in Sweden, according to an announcement published by the cryptocurrency exchange on Jan. 11.
Today’s announcement indicates that the Swedish Financial Supervisory Authority (FSA) has registered Binance Nordics AB as a financial institution.This development means that Swedish users can fully use common Binance features, including crypto trading and euro deposits and withdrawals.
Swedish users will also gain access to Binance Pay and Binance’s Visa card, which allow users to spend crypto in their accounts at various merchants.Furthermore, Swedish users will gain access to Binance’s various staking, mining, and custody features. Meanwhile, new projects will be able to use the company’s startup programs — Launchpad and Launchpool.
Sweden is the seventh EU state that Binance has expanded to. It notably introduced its services in France in May 2022 and also held licenses in Italy, Lithuania, Spain, Cyprus, and Poland. The company now holds licenses in fifteen jurisdictions (or fourteen, excluding Sweden) and serves users in more than 140 countries.
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