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Binance Can Now Legally Provide Services In Cyprus

Binance has been given registration as a Crypto Asset Services Provider by Cyprus’ financial regulatory agency, according to a statement released on Thursday.

Following France, Italy, and Spain, this is Binance‘s fourth European country to receive regulatory permission.

Binance may now offer its services in Cyprus while adhering to national anti-money laundering and counter-terrorist financing regulations imposed by the Cyprus Securities and Exchange Commission.

Changpeng Zhao (CZ), founder and CEO of the exchange, said in the statement:

“Binance has some of the most thorough AML and CTF compliance policies in the industry. Recognition of the efforts we have made to be on the leading edge of compliance that our registration in Cyprus represents is testament to that. Effective regulation that protects users and stimulates innovation is essential to the continued growth of our industry.”

The exchange is getting national registrations all across the world. It was recently approved in New Zealand earlier this month.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.