Binance Cyprus Limited has been granted Class 3 registration as a Crypto Asset Services Provider (CASP) by CySEC.
Binance gets a license in Cyprus
On October 20, Binance announced that “Binance Cyprus” has been granted the Cyprus Securities and Exchange Commission (CySEC) Class 3 Crypto Asset Service Provider (CASP) registration license on the same day.
The registration will enable Binance to offer services that comply with CySEC’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) rules, including spot, custody, staking and crypto card services.
In addition to licensing traditional financial institutions, CySEC also conducts Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) regulation for crypto asset services in or from Cyprus, strictly assessing AML (Anti-Money Laundering) and KYC (Know Your Customer) process.
This is another milestone in Binance’s compliance efforts in Europe, following the completion of similar registrations by Binance’s local entities in France, Italy and Spain.
Go to Binance’s Official Website
Please check Binance official website or contact the customer support with regard to the latest information and more accurate details.
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Comment by Hans
April 24, 2024
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