Binance Registers as a Digital Assets Service Provider in Spain

July 8, 2022

MCP News Free

Binance Registers as a Digital Assets Service Provider in Spain

The world’s largest cryptocurrency exchange by trading volume, Binance through its Spanish subsidiary (Moon Tech Spain) on Friday, announced its expansion to Spain following approval by the bank of Spain.

In a statement by Binance CEO, “Moon Tech’s registration in Spain is an acknowledgment of the hard work and commitment of our teams to providing a platform that places user protection above all else.”

“We have invested significantly in compliance and introduced AMLD 5 and 6 compliant tools and policies to ensure that our platform remains the safest and most trustworthy in the industry,” added CZ.

Hola Espana! ????????#Binance has been granted registration as a Virtual Asset Services Provider (VASP) for its Spanish subsidiary by the Bank of Spain.

This will allow Binance to offer crypto asset exchange & custody in Spain in compliance with the central bank’s AML & CTF rules.
— Binance (@binance) July 8, 2022

The registration will permit Binance to offer crypto exchange custody in Spain in compliance with the Spain’s anti-money laundering as well as counter terrorist financing rules.

The bank of Spain will however monitor Binance compliance with the local entity and its directors with the country’s commercial and professional honorability standards.

Spain is the latest European Union country that the Binance CZ will secure a license as a virtual assets provider after France and Italy in May.

Binance’s quest for global expansion continues, having obtained an operational license in Abu Dhabi, Bahrain, and Dubai this year.

The exchange however, keeps its position as the world-leading cryptocurrency exchange and continues to do so amidst crypto crash, no wonder it is the exchange of choice for ParadiseFamilyVIP.

You can grow your portfolio with Binance futures and spot with the information and education from experts, we also provide our services on Bybit, and Kucoin exchanges where we make daily analyses of BTC, ETH, and trending altcoins, make daily adjustments of our strategies to maximize every opportunity in the market.

Use PRO20% for your special 20% discount before the promo code expires. Click here for reviews from our clients.

Join our telegram channels where we share our FREE updates and analysis on coins like BTC, ETH, and other trending altcoins. We also share our FREE secret insights. And also FREE market updates.