Binance US, the US subsidiary of Binance, has announced that it has received a Money Transmitter License from the Nevada Department of Business and Industry. in the department of financial institutions This is part of the company’s plan to offer fully regulated services in all 50 US states and territories.
When it comes to licensing approval, Binance US Chief Executive Brian Shroder said:
“We continue to take the necessary steps to ensure that we comply with operating requirements throughout the United States. The customer’s property is safe. And our platform is safe and transparent. Getting a license in Nevada is further evidence of our ongoing compliance efforts. And we are grateful for the time and trust from the Nevada Department of Business and Industry.”
followannounce Binance US has received Money Transmitter licenses from West Virginia, Connecticut, Wyoming, Rhode Island, Idaho and Puerto Rico.
Since 2021, it has undergone rigorous scrutiny from watchdogs around the world by parent company Binance International. has hired new compliance personnel This allows the company to proactively expand its global presence despite the current market slump.
in the past few months The company has expanded into the Middle East and North Africa (MENA) market due to intensifying restrictions and regulations in Western countries and several Asian countries.
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