Binance.US Licensed In Nevada

The Nevada Department of Business and Industry has granted the Binance exchange’s American division a money transfer service license (USA).

Nevada has become the sixth jurisdiction in the United States to issue Binance, according to a press release. In 2022, the US will grant permission to operate. West Virginia, Connecticut, Wyoming, Rhode Island, Idaho, and Puerto Rico have all made identical decisions.

Binance.US CEO Brian Schroeder said:

“We continue to take the necessary steps to ensure compliance throughout the United States States, the safety of client assets, and the transparency of our platform.”

According to the corporation, it will continue to grow its support services and develop new goods.

To recap, the US subsidiary secured $200 million in a seed round in April, with a preliminary valuation of $4.5 billion.

It can be said that the steps of the world’s largest exchange in the US market are very careful, specifically, matters related to US legal regulations are quickly resolved by the exchange. Last month, Binance.US said it would delist the AMP token due to concerns about the ability of federal regulators to enforce it in the US.

Although recently the FUDs from the articles have continuously surrounded Binance causing the BNB price to plummet, with the assertions of CEO Changpeng Zhao (CZ), the rumors have been extinguished.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

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