"The influence of Binance is really great, other countries still believe in it despite being surrounded by negative news."
Cryptocurrency exchange giant Binance has finally received approval from Sweden's Financial Supervisory Authority (FSA) to manage and trade digital assets in the country.
The FSA reportedly granted registration status dubbed Binance Nordics AB* on January 10 to the company which had been waiting months for that approval.
*A Swedish Private Limited company that offers digital services to those looking for help with the application process to study in the Nordic countries
Pleased to be informed that now Binance can offer Swedish residents access to crypto services such as buying or selling easily without any obstacles.
According to Roy van Krimpen, the head of Binance in Sweden instructed Binance Nordics AB to fully adopt EU laws and other requirements so that the system is the same as the established standards.
He added that he intends to increase the launch of local operations, hire employees who are knowledgeable in digital assets and not forget to also deliver more education about crypto in Sweden.
Apart from Sweden, regulators in France, Bahrain, Spain and Dubai also gave similar approvals for Binance in 2022.
Despite this, the authorities in the United States (US), United Kingdom (UK), Canada and Japan warn most individuals to be careful if they want to invest in Binance.
