Binance just became a registered crypto service provider in Cyprus
Join Our Telegram channel to stay up to date on breaking news coverage Binance, the world’s leading crypto exchange in terms of daily trading volume, has been making moves to receive official licenses from regulators around the world and simply be more regulatory compliant with the laws of the nations in which it operates. Now, it was granted a Class 3 registration by the Securities and Exchange Commission of Cyprus. CySEC officially recognized it and granted permission for the exchange to register as a crypto asset services provider (CASP), according to Binance’s recent announcement. Binance continues to step up regulatory efforts Binance is not the only major platform that sought the Cyprus license this year. Back in March, FTX exchange, one of Binance’s major rivals, also registered in the country, which is becoming a haven for cryptocurrency companies . With the registration, Binance basically received permission to start offering a number of crypto se...