Ubiquitous Binance gets two more licenses in the EU

2023 is shaping up to be an amazing year for Binance. In just 20 days, the world’s most popular exchange has obtained two virtual asset provider licenses in the EU. The first authorization was granted by Sweden on January 11, and the second by Poland.

Binance dubbed by Swedish and Polish regulators

You won [CZ]», launches a beleaguered SBF following the collapse of its FTX empire. The response from Binance’s boss was clear at the time: nobody won “.

But the way things are going, it looks like Binance has somewhat “ won “. Let’s say in the context of rivalries with FTX. Indeed, in their duel to acquire the assets of Voyager, Binance.US took the lead.

With its current situation, FTX is no longer able to dream of conquering America. However, Binance accumulates a host of licenses to its credit. After Obtaining Approval in Sweden, Hong Kong Exchange Receives Permission to Provide Crypto Services in Poland, Reports Watcher Guru.

“Binance Obtains Regulatory Approval to Offer Cryptocurrency Services in Poland. »

On the website of Binance, the administration is jubilant:

We welcome the Polish government’s regulatory initiatives. By working with regulators around the world, we can ensure consumers are protected while continuing to cultivate innovation and progress. And at Binance, we will continue to improve our security systems and follow the most stringent KYC requirements in the industry, which enhances the security of all our users. »

Need for regulation of cryptocurrencies

The annus horribilis that was 2022 prompted politicians and heads of financial institutions to rush into the regulation of cryptocurrencies. The latter would need a global regulations said the Governor of the Bank of India. Otherwise, it will be ban.

For Binance, a “ effective and appropriate regulation is best suited for cryptocurrencies. This is how a ” widespread adoption of digital assets said Kyrylo Khomiakov, Head of Ukraine and Eastern Europe at Binance.

Binance’s chart of charts looks well stocked at the moment. Considering its records (France, Italy, Lithuania, Spain, Cyprus, Bahrain, Dubai, Sweden and Poland), we can say that Europe is almost surrounded.

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