Troubled crypto exchange Binance announced on Jan. 11 that its subsidiary Binance Nordics AB has received authorization from the Swedish Financial Supervisory Authority (FSA) to operate as a financial institution for the management and trading of virtual currencies.
Sweden is now the seventh EU member state where Binance has received authorization, following France, Italy, Lithuania, Spain, Cyprus and Poland.
With this registration, Swedish residents will now have access to Binance’s crypto and Web3 services, including deposits and withdrawals in euros, crypto purchases with euros, trading, wagering, and the Binance Visa Card.