Binance Receives Digital Asset Provider License in Spain

Binance Receives Digital Asset Provider License in Spain

Binance has received a license Digital Asset Provider in Spain

Binance Cryptocurrency Exchange has been licensed as a Digital Asset Market Service Provider in Spain. A division of Moon Tech Spain has registered the Central Bank of the country.

The company may offer services throughout Spain in full compliance with AML and CTF regulations. The regulator will also monitor compliance with commercial and professional reputation standards.

The application review started on January 28.

Spain became the third jurisdiction in the EU after France and Italy, where Binance also received approval from local regulators.

In September 2021, CEO Changpeng Zhao announced the rejection of the “decentralized” business model.

Recall that in 2022, the authorities of Bahrain, Dubai and the free Abu Dhabi Financial Zone.

Binance also announced the launch of a regulated exchange in Thailand and announced the opening of a customer service center in Turkey.

Earlier, Zhao announced his intention to seek approval from the British FCA.< /p>

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