Binance, the world’s largest cryptocurrency exchange, continues to receive official approval in surrounding countries while regulations are being discussed in Europe. The Swedish Financial Supervisory Office accepted the license application made by the giant stock exchange and made its registration today. With the approval of the Scandinavian country, Binance has completed its licenses in a total of 7 countries in the region.
According to the statement made by the Binance exchange through official channels, citizens residing in Sweden will now be able to trade cryptocurrencies using Euro directly. Resident customers will also earn passive income using the staking service. With the official license obtained, Swedish citizens will be able to use the credit card that Binance issued together with VISA within the country. Binance received its official license from the authorities of Italy, France, Poland, Lithuania, Cyprus and Spain, which are the countries of the region in the past months.
CEO Zhao Speaks at Crypto-Finance Conference
Changpeng Zhao, the founder and current CEO of Binance exchange, is visiting St. He spoke about the future of the company at the Crypto Finance Conference held in St. Moritz. The giant crypto exchange has increased the number of its employees from 3,000 to 8,000 over the past year, making a huge job hiring contrary to the market.