Binance exchange continues to take place in the developing crypto money ecosystem. Moon Tech Spain, a subsidiary of Binance, has received approval from the Bank of Spain to become a virtual asset service provider, according to a recent announcement.
This approval, Binance‘of Bank of Spainof the current money laundering (AML and CTF) rules cryptocurrency trading and custody service will enable it to be presented. Acting as a subsidiary of Binance MoonTech Spainhas been making attempts to get this trade license on Spain for a while.
Binance CEO CZ made the following statements on the subject:
The necessary regulations are essential for the widespread adoption of cryptocurrencies. We invest significantly in compatibility to ensure our platform is the most trusted brand in the industry. Moon Tech’s license to Spain is a testament to the hard work of our teams in providing a platform that puts user safety above all else.
Binance Spain Director Quim Giralt for the Spanish market they will recruit announced:
Following this license agreement, we will significantly expand our team and operations in Spain to make our services more accessible to everyone. We will recruit local talent to serve the Spanish market and help the crypto ecosystem grow in the coming years.
In addition, Binance announced last May. France‘from Digital Asset Service Provider announced that he had received the license.