A warm place in the far north? – While the exchanges do not have the upper hand After the FTX disasterIt doesn’t seem to stop binance. The cryptocurrency giant continues its crazy saga in search of new territories even in Northern Europe. In Sweden, more precisely. decryption.
Binance is heading north to Sweden
Sweden is where Binance is now planting its flag. Binance Nordex AB It has just been registered with the Swedish Financial Authority (Swedish Financial Supervisory Authority, FSA). Register as a financial institution to manage and trade cryptocurrencies. Obviously, Swedish residents are now able to access all the services offered by Binance. These are deposits and withdrawals in euros, buying cryptocurrencies, trading, staking services and of course the Binance bank card.
In fact, it becomes Sweden VIIy Europe Union To give this kind of status to Binance, after France, Italy, Lithuania, Spain, Cyprus and Poland.
Binance continues to show its willingness to engage with regulators to meet global standards. This recording in Sweden is the culmination of many months of hard work by our teams. »
Richard Teng, Head of Europe, Middle East and North Africa (MENA) at Binance
Not long ago, we learned that the 1ʳᵉ crypto platform in the world is still standing In view of the American regulator. However, this sword wielding did not seem to sway Binance in its conquest of the planet. The company has set foot in Europe and intends to stay there.
“Sweden has fully adopted Eurozone laws and has other local requirements as well. So we made sure that Binance Nordics AB takes these standards into account in terms of risk and anti-money laundering policy.”
Roy Van Cremen, Head of Benelux and Nordics at Binance
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Exchanges, a push to democratize cryptocurrencies
Are exchanges an essential step to democratize cryptocurrencies within a country? In this period when this They do not smell of holiness, one may ask the question. In these trying times, we tend to move forward without making a mistake DEX (Decentralized Exchange) Better and safer progress. This is certainly true in some ways.
However, the problem of its accessibility to the general public and beginners still needs to be overcome. Because the key is simplicity. The truth is that, unfortunately, security in the eyes of the uninitiated often comes at the second step. The day cryptocurrencies are bought in fewer steps on DEX than on Binance, DeFi will have won. and users with.
Moreover, all these central entities also act as a driver for the education provided to the population about these new concepts of cryptocurrency.
Our next step will be to perform the migration and launch our operations [en Suède] success. This will include hiring local talent, organizing events, and educating about crypto topics in Sweden. »
Roy Van Cremen, Head of Benelux and Nordics at Binance
Binance continues its successful journey so far around the world. The colossus, now devoid of opponents in its size, remains the sole master in the inevitable process of democratization. It remains to be seen if this can be done though Possible regulatory barriers being built in Europe and France.
It’s time for the country to take an interest in bitcoin. And what are you doing to prepare for the future? Start getting to know this exciting world, and wait no more Create an account on Binance. You will save 10% of your trading fees by following this link (Trading Link).
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