Binance Registers as a Virtual Asset Service Provider in Spain

Binance Spain “Moon Tech Spain, SL” has registered as a Virtual Asset Service Provider (VASP) of the Central Bank of Spain.

Binance will be able to offer crypto-asset trading and custody services in Spain as required by its Central Bank Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) rules.

Moon Tech Spain applied for registration on January 28, 2022, and received a registration license from the Bank of Spain on July 7, 2022.

The Bank of Spain monitors and ensures that virtual asset service providers offering custody services for the exchange of euros or other currencies for crypto-assets and e-wallets comply with AML and CTF rules.

Spanish banks also verify that local entities and their directors comply with commercial and professional honor requirements.

This is another milestone for Binance in Europe following the registration of local entities in France and Italy, and further evidence of Binance’s robustness in AML and CTF.

Binance is the world’s leading blockchain and crypto asset infrastructure provider with a range of financial products, including the digital asset trading platform with the highest trading volume.

Trusted by millions of users around the world, the Binance platform is committed to promoting the free flow of currency and has launched a series of powerful encrypted asset products, including: trading and finance, education, data and research, social welfare, investment and incubation, Decentralization and infrastructure solutions, etc.

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