Binance, the worldwide blockchain providers supplier, introduced that its Spanish subsidiary, Moon Tech Spain, S.L., has been granted registration as a digital asset providers supplier (VASP) by the financial institution of Spain.
This registration will permit Binance to supply crypto asset alternate and custody providers in Spain in compliance with the necessities of its central financial institution’s anti-money laundering and counter-terrorist financing (AML/CTF) guidelines.
“Effective regulation is essential for the widespread adoption of cryptocurrencies. 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,” Changpeng Zhao (CZ), founder and CEO, Binance, stated.
Moon Tech Spain was granted registration by the Bank of Spain on July 7, 2022. “Following this registration, we will significantly expand our team and operations in Spain to make our services more accessible to everyone. Over the coming years we will be hiring local talent to serve the Spanish-speaking market and helping to grow the local crypto ecosystem,” Quim Giralt, director of Binance, Spain, acknowledged.
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Source: www.financialexpress.com”